Dynamic Advisors Solutions LLC purchased 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 purchased 3,558 shares of the retailer’s stock, valued at approximately $232,000.
Other large investors have also added to or reduced their stakes in the company. FDx Advisors Inc. raised its stake in Target by 34.7% during the fourth quarter. FDx Advisors Inc. now owns 101,921 shares of the retailer’s stock valued at $6,650,000 after buying an additional 26,270 shares in the last quarter. American International Group Inc. raised its stake in Target by 6.0% during the fourth quarter. American International Group Inc. now owns 197,965 shares of the retailer’s stock valued at $12,917,000 after buying an additional 11,122 shares in the last quarter. D L Carlson Investment Group Inc. acquired a new stake in Target during the fourth quarter valued at approximately $3,385,000. Wedbush Securities Inc. raised its stake in Target by 80.7% during the fourth quarter. Wedbush Securities Inc. now owns 17,034 shares of the retailer’s stock valued at $1,111,000 after buying an additional 7,605 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in Target by 21.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 13,171 shares of the retailer’s stock valued at $859,000 after buying an additional 2,365 shares in the last quarter. Institutional investors and hedge funds own 88.32% of the company’s stock.
In related news, Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephanie A. Lundquist sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the transaction, the insider now directly owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The disclosure for this sale can be found here. Insiders sold a total of 16,262 shares of company stock valued at $1,185,484 over the last three months. Corporate insiders own 0.20% of the company’s stock.
Several analysts have issued reports on the company. Zacks Investment Research upgraded Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a research note on Saturday, January 20th. Citigroup restated a “neutral” rating and set a $80.00 price objective (down previously from $86.00) on shares of Target in a research note on Friday, February 16th. Vetr cut Target from a “hold” rating to a “sell” rating and set a $73.66 price objective on the stock. in a research note on Thursday, February 15th. MKM Partners set a $93.00 price objective on Target and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, ValuEngine raised Target from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $69.56.
Target Co. (NYSE TGT) opened at $72.86 on Wednesday. Target Co. has a fifty-two week low of $48.56 and a fifty-two week high of $78.70. The stock has a market capitalization of $41,148.45, a P/E ratio of 15.77, a P/E/G ratio of 3.57 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Tuesday, February 20th. Target’s dividend payout ratio (DPR) is 51.88%.
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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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