Sicart Associates LLC acquired a new position in Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,000 shares of the retailer’s stock, valued at approximately $326,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bedell Frazier Investment Counseling LLC purchased a new position in shares of Target in the third quarter worth about $219,000. Heritage Trust Co increased its holdings in Target by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after purchasing an additional 1,000 shares during the period. SevenBridge Financial Group LLC increased its holdings in Target by 2,200.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after purchasing an additional 1,826 shares during the period. Jacobi Capital Management LLC increased its holdings in Target by 109.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after purchasing an additional 1,310 shares during the period. Finally, Cable Hill Partners LLC increased its holdings in Target by 848.8% during the 3rd quarter. Cable Hill Partners LLC now owns 2,666 shares of the retailer’s stock valued at $157,000 after purchasing an additional 2,385 shares during the period. Hedge funds and other institutional investors own 87.43% of the company’s stock.
Target Co. (NYSE TGT) traded down $1.84 during trading on Wednesday, reaching $74.96. The company’s stock had a trading volume of 10,167,700 shares, compared to its average volume of 10,192,290. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. The company has a market cap of $41,720.00, a PE ratio of 15.75, a price-to-earnings-growth ratio of 4.87 and a beta of 0.63. Target Co. has a fifty-two week low of $48.56 and a fifty-two week high of $77.58.
Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. equities analysts forecast that Target Co. will post 4.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 annualized dividend and a yield of 3.31%. Target’s payout ratio is 52.10%.
In other Target news, Director Roxanne S. Austin sold 4,705 shares of Target stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.
TGT has been the topic of a number of research analyst reports. Moffett Nathanson initiated coverage on Target in a report on Monday, December 4th. They set a “neutral” rating on the stock. Stifel Nicolaus restated a “hold” rating and set a $75.00 price target on shares of Target in a report on Thursday, January 11th. Telsey Advisory Group boosted their price target on Target from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. Vetr downgraded Target from a “hold” rating to a “sell” rating and set a $70.45 price target on the stock. in a report on Thursday, January 11th. Finally, Wells Fargo & Co initiated coverage on Target in a report on Friday, November 3rd. They set a “market perform” rating and a $62.00 price target on the stock. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $66.15.
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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