Standard Life Aberdeen plc lessened its holdings in Target Co. (NYSE:TGT) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,009,521 shares of the retailer’s stock after selling 15,702 shares during the period. Standard Life Aberdeen plc’s holdings in Target were worth $65,876,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Heritage Trust Co boosted its position in Target by 129.7% in the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after buying an additional 1,000 shares during the period. SevenBridge Financial Group LLC boosted its position in Target by 2,200.0% in the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after buying an additional 1,826 shares during the period. Security Asset Management purchased a new position in Target in the 4th quarter valued at approximately $115,000. First Mercantile Trust Co. purchased a new position in Target in the 4th quarter valued at approximately $124,000. Finally, Jacobi Capital Management LLC boosted its position in Target by 109.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after buying an additional 1,310 shares during the period. 88.32% of the stock is owned by institutional investors.
In related news, insider Stephanie A. Lundquist sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the sale, the insider now directly owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert M. Harrison sold 8,557 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $76.74, for a total transaction of $656,664.18. Following the completion of the sale, the insider now directly owns 13,288 shares of the company’s stock, valued at $1,019,721.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,262 shares of company stock valued at $1,185,484. 0.25% of the stock is owned by corporate insiders.
Several equities analysts have commented on the stock. Vetr cut shares of Target from a “hold” rating to a “sell” rating and set a $73.66 price target for the company. in a research report on Thursday, February 15th. Citigroup reaffirmed a “neutral” rating and set a $80.00 price objective (down from $86.00) on shares of Target in a research report on Friday, February 16th. ValuEngine raised shares of Target from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Cowen set a $80.00 price objective on shares of Target and gave the stock a “hold” rating in a research report on Thursday, February 8th. Finally, Robert W. Baird raised shares of Target from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $75.00 to $85.00 in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $69.56.
Shares of Target Co. (NYSE TGT) opened at $75.74 on Friday. Target Co. has a 1 year low of $48.56 and a 1 year high of $78.70. The firm has a market cap of $40,780.00, a price-to-earnings ratio of 15.76, a P/E/G ratio of 3.44 and a beta of 0.75. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01.
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a yield of 3.27%. Target’s dividend payout ratio (DPR) is presently 52.10%.
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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