Kalos Management Inc. lifted its holdings in Target Co. (NYSE:TGT) by 15.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 37,467 shares of the retailer’s stock after purchasing an additional 5,071 shares during the quarter. Target comprises 1.4% of Kalos Management Inc.’s holdings, making the stock its 23rd biggest position. Kalos Management Inc.’s holdings in Target were worth $2,210,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp boosted its position in Target by 1.5% during the 2nd quarter. State Street Corp now owns 51,944,505 shares of the retailer’s stock worth $2,716,176,000 after acquiring an additional 775,265 shares during the last quarter. Vanguard Group Inc. boosted its position in Target by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 37,154,396 shares of the retailer’s stock worth $1,942,803,000 after acquiring an additional 130,252 shares during the last quarter. Franklin Resources Inc. boosted its position in Target by 8.7% during the 2nd quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock worth $1,103,994,000 after acquiring an additional 1,686,774 shares during the last quarter. Dodge & Cox boosted its position in Target by 83.3% during the 2nd quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock worth $1,047,119,000 after acquiring an additional 9,102,526 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Target by 7.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,738,657 shares of the retailer’s stock worth $574,680,000 after acquiring an additional 682,253 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.
In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.
Target Co. (NYSE TGT) traded up $0.28 during midday trading on Monday, hitting $61.37. The stock had a trading volume of 3,666,400 shares, compared to its average volume of 7,402,155. Target Co. has a 12 month low of $48.56 and a 12 month high of $78.37. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. The firm has a market cap of $33,350.90, a P/E ratio of 12.78, a PEG ratio of 7.58 and a beta of 0.64.
Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The business had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter in the prior year, the business earned $1.04 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. equities analysts predict that Target Co. will post 4.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Wednesday, November 15th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Tuesday, November 14th. Target’s dividend payout ratio (DPR) is presently 51.88%.
A number of research firms have weighed in on TGT. Zacks Investment Research downgraded Target from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Vetr downgraded Target from a “strong-buy” rating to a “buy” rating and set a $66.10 price target for the company. in a research report on Wednesday, November 29th. MKM Partners began coverage on Target in a research report on Wednesday, October 18th. They set a “buy” rating and a $85.00 price target for the company. Stifel Nicolaus set a $60.00 price target on Target and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Finally, Wells Fargo & Company initiated coverage on Target in a research report on Friday, November 3rd. They set a “market perform” rating and a $62.00 price target for the company. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $63.25.
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Target Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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