Mutual Advisors LLC purchased a new stake in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,481 shares of the retailer’s stock, valued at approximately $227,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in TGT. Assenagon Asset Management S.A. purchased a new stake in shares of Target during the 3rd quarter valued at about $499,000. Handelsbanken Fonder AB purchased a new stake in shares of Target during the 3rd quarter valued at about $354,000. Aperio Group LLC boosted its holdings in shares of Target by 19.5% during the 3rd quarter. Aperio Group LLC now owns 340,963 shares of the retailer’s stock valued at $20,120,000 after acquiring an additional 55,639 shares during the last quarter. Korea Investment CORP boosted its holdings in shares of Target by 13.7% during the 3rd quarter. Korea Investment CORP now owns 254,464 shares of the retailer’s stock valued at $15,016,000 after acquiring an additional 30,600 shares during the last quarter. Finally, Parsec Financial Management Inc. purchased a new stake in shares of Target during the 3rd quarter valued at about $11,325,000. 88.32% of the stock is currently owned by hedge funds and other institutional investors.
Target Co. (NYSE TGT) opened at $75.41 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. 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 $40,990.84, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 3.56 and a beta of 0.76.
The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.29%. The ex-dividend date is Tuesday, February 20th. Target’s dividend payout ratio is currently 51.88%.
In other Target news, Director Roxanne S. Austin sold 4,705 shares of Target stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The sale was disclosed in a filing with the SEC, which is accessible 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 transaction, the insider now directly owns 16,906 shares in the company, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. Insiders have sold 16,262 shares of company stock worth $1,185,484 in the last ninety days. Insiders own 0.25% of the company’s stock.
TGT has been the topic of a number of recent analyst reports. ValuEngine raised shares of Target from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Moffett Nathanson initiated coverage on shares of Target in a report on Monday, December 4th. They set a “neutral” rating on the stock. Vetr downgraded shares of Target from a “hold” rating to a “sell” rating and set a $73.66 price target on the stock. in a report on Thursday, February 15th. Stifel Nicolaus reissued a “hold” rating and issued a $75.00 price objective on shares of Target in a report on Thursday, January 11th. Finally, Telsey Advisory Group raised their price objective on shares of Target from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $69.56.
COPYRIGHT VIOLATION NOTICE: “3,481 Shares in Target Co. (TGT) Purchased by Mutual Advisors LLC” was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://transcriptdaily.com/2018/02/25/3481-shares-in-target-co-tgt-purchased-by-mutual-advisors-llc.html.
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.
Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGT).
Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.