Meadow Creek Investment Management LLC decreased its holdings in Target Co. (NYSE:TGT) by 18.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192,746 shares of the retailer’s stock after selling 42,534 shares during the period. Meadow Creek Investment Management LLC’s holdings in Target were worth $12,576,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Target by 8.6% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 159,067 shares of the retailer’s stock valued at $10,383,000 after purchasing an additional 12,657 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its holdings in Target by 25.1% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 155,052 shares of the retailer’s stock valued at $10,116,000 after buying an additional 31,086 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in Target by 85.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 3,299,194 shares of the retailer’s stock valued at $215,272,000 after buying an additional 1,515,618 shares during the last quarter. Teachers Advisors LLC raised its holdings in Target by 101.8% during the 4th quarter. Teachers Advisors LLC now owns 1,879,844 shares of the retailer’s stock valued at $122,660,000 after buying an additional 948,075 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in Target during the 4th quarter valued at $3,749,000. 87.02% of the stock is owned by institutional investors.
Target Co. (TGT) opened at $71.17 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.95 and a quick ratio of 0.30. Target Co. has a 1-year low of $48.56 and a 1-year high of $78.70. The company has a market cap of $38,690.00, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71.
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Wednesday, February 21st were paid a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.48 annualized dividend and a dividend yield of 3.48%. Target’s payout ratio is 53.68%.
A number of research firms recently commented on TGT. Zacks Investment Research lowered shares of Target from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Barclays set a $45.00 price target on shares of Target and gave the company a “sell” rating in a report on Wednesday, November 15th. Vetr lowered shares of Target from a “strong-buy” rating to a “buy” rating and set a $66.10 price target for the company. in a report on Wednesday, November 29th. Finally, Telsey Advisory Group lowered their price target on shares of Target from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $73.97.
In related news, insider Robert M. Harrison sold 8,557 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 13,288 shares in the company, valued at approximately $1,019,721.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. 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.
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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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