High Falls Advisors Inc purchased a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, HoldingsChannel reports. The firm purchased 3,090 shares of the retailer’s stock, valued at approximately $204,000.

A number of other large investors have also recently bought and sold shares of the stock. Macquarie Group Ltd. grew its position in shares of Target by 5.9% in the 4th quarter. Macquarie Group Ltd. now owns 165,624 shares of the retailer’s stock worth $10,947,000 after buying an additional 9,168 shares during the period. Phocas Financial Corp. purchased a new stake in shares of Target in the 4th quarter worth about $25,000. Cetera Investment Advisers grew its position in shares of Target by 10.3% in the 4th quarter. Cetera Investment Advisers now owns 8,878 shares of the retailer’s stock worth $587,000 after buying an additional 826 shares during the period. Premier Asset Management LLC purchased a new stake in shares of Target in the 4th quarter worth about $734,000. Finally, National Pension Service grew its position in shares of Target by 6.0% in the 4th quarter. National Pension Service now owns 569,872 shares of the retailer’s stock worth $41,133,000 after buying an additional 32,202 shares during the period. Institutional investors own 83.87% of the company’s stock.

In other news, insider Cathy R. Smith sold 30,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $74.00, for a total transaction of $2,220,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Shares of NYSE TGT traded up $0.48 during trading on Monday, reaching $78.80. 647,267 shares of the company traded hands, compared to its average volume of 5,693,469. The company has a quick ratio of 0.20, a current ratio of 0.83 and a debt-to-equity ratio of 1.08. The company has a market cap of $40.68 billion, a PE ratio of 14.62, a PEG ratio of 2.15 and a beta of 0.66. Target Co. has a 52-week low of $60.15 and a 52-week high of $90.39.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 5th. The retailer reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. The firm had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.05 billion. Target had a net margin of 3.90% and a return on equity of 25.74%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 EPS. As a group, equities research analysts anticipate that Target Co. will post 5.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is presently 47.50%.

TGT has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Target from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Friday, March 8th. Gordon Haskett raised shares of Target from an “accumulate” rating to a “buy” rating in a research report on Thursday. Tigress Financial reaffirmed a “buy” rating on shares of Target in a research report on Thursday, January 17th. Standpoint Research raised shares of Target from a “hold” rating to a “buy” rating and set a $62.30 target price on the stock in a research report on Wednesday, December 26th. Finally, Deutsche Bank upped their target price on shares of Target from $80.00 to $84.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. Target presently has a consensus rating of “Hold” and an average target price of $87.25.

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About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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