Teachers Advisors LLC grew its position in Target Co. (NYSE:TGT) by 101.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,879,844 shares of the retailer’s stock after acquiring an additional 948,075 shares during the period. Teachers Advisors LLC owned 0.35% of Target worth $122,660,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in TGT. Dimensional Fund Advisors LP lifted its stake in shares of Target by 49.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,186,874 shares of the retailer’s stock valued at $188,052,000 after acquiring an additional 1,058,000 shares during the last quarter. Hamlin Capital Management LLC acquired a new stake in Target in the fourth quarter valued at $60,860,000. Bank of New York Mellon Corp increased its holdings in Target by 9.4% in the fourth quarter. Bank of New York Mellon Corp now owns 10,654,835 shares of the retailer’s stock valued at $695,229,000 after purchasing an additional 916,178 shares during the period. American Century Companies Inc. increased its holdings in Target by 15.7% in the fourth quarter. American Century Companies Inc. now owns 6,059,271 shares of the retailer’s stock valued at $395,367,000 after purchasing an additional 821,165 shares during the period. Finally, Alps Advisors Inc. increased its holdings in Target by 6,085.9% in the fourth quarter. Alps Advisors Inc. now owns 794,583 shares of the retailer’s stock valued at $51,847,000 after purchasing an additional 781,738 shares during the period. Institutional investors own 87.02% of the company’s stock.
Shares of Target Co. (NYSE: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. Target Co. has a 1-year low of $48.56 and a 1-year high of $78.70. The firm has a market capitalization of $38,414.28, a PE ratio of 14.97, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71.
The company also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st were paid a $0.62 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $2.48 annualized dividend and a dividend yield of 3.48%. Target’s dividend payout ratio is presently 46.36%.
A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Target from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley set a $64.00 price objective on Target and gave the company a “sell” rating in a report on Wednesday, March 7th. Telsey Advisory Group decreased their price objective on Target from $83.00 to $80.00 and set a “market perform” rating for the company in a report on Wednesday, March 7th. Vetr upgraded Target from a “hold” rating to a “buy” rating and set a $75.42 price objective for the company in a report on Tuesday, March 6th. Finally, Susquehanna Bancshares set a $95.00 price objective on Target and gave the company a “buy” rating in a report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $73.97.
In other news, Director Roxanne S. Austin sold 4,705 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Harrison sold 8,557 shares of the firm’s 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 sale, the insider now 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 90 days, insiders sold 16,262 shares of company stock valued at $1,185,484. 0.20% of the stock is currently 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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