Captrust Financial Advisors acquired a new stake in Target Co. (NYSE:TGT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 57,463 shares of the retailer’s stock, valued at approximately $3,749,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Paloma Partners Management Co grew its holdings in shares of Target by 63.6% in the 4th quarter. Paloma Partners Management Co now owns 32,295 shares of the retailer’s stock valued at $2,107,000 after acquiring an additional 12,557 shares in the last quarter. Earnest Partners LLC bought a new position in shares of Target in the 4th quarter valued at about $149,000. California State Teachers Retirement System grew its holdings in shares of Target by 0.5% in the 4th quarter. California State Teachers Retirement System now owns 1,008,170 shares of the retailer’s stock valued at $65,783,000 after acquiring an additional 5,432 shares in the last quarter. Premia Global Advisors LLC bought a new position in shares of Target in the 4th quarter valued at about $222,000. Finally, Ellington Management Group LLC grew its holdings in shares of Target by 120.0% in the 4th quarter. Ellington Management Group LLC now owns 11,000 shares of the retailer’s stock valued at $718,000 after acquiring an additional 6,000 shares in the last quarter. Institutional investors own 87.02% of the company’s stock.
Shares of Target Co. (TGT) opened at $71.17 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.30 and a debt-to-equity ratio of 0.97. The stock has a market cap of $38,690.00, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 3.14 and a beta of 0.71. Target Co. has a 1 year low of $48.56 and a 1 year high of $78.70.
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st were given a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.48%. Target’s payout ratio is 53.68%.
In other news, insider Robert M. Harrison sold 8,557 shares of Target stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $76.74, for a total value of $656,664.18. Following the completion of the sale, the insider now directly owns 13,288 shares in the company, valued at $1,019,721.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stephanie A. Lundquist sold 3,000 shares of Target stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total transaction of $234,240.00. Following the completion of the sale, the insider now owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,262 shares of company stock valued at $1,185,484. 0.20% of the stock is owned by company insiders.
TGT has been the subject of several recent analyst reports. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Moffett Nathanson initiated coverage on shares of Target in a research note on Monday, December 4th. They issued a “neutral” rating for the company. Vetr downgraded shares of Target from a “hold” rating to a “sell” rating and set a $73.66 target price for the company. in a research note on Thursday, February 15th. Stifel Nicolaus reiterated a “hold” rating and issued a $75.00 target price on shares of Target in a research note on Thursday, January 11th. Finally, Telsey Advisory Group raised their target price on shares of Target from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $73.97.
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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