Benjamin F. Edwards & Company Inc. trimmed its holdings in shares of Target Co. (NYSE:TGT) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,190 shares of the retailer’s stock after selling 413 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Target were worth $3,358,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Schwarz Dygos Wheeler Investment Advisors LLC increased its position in Target by 0.6% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,824 shares of the retailer’s stock worth $1,662,000 after buying an additional 82 shares during the last quarter. Personal Wealth Partners increased its position in Target by 38.6% in the fourth quarter. Personal Wealth Partners now owns 334 shares of the retailer’s stock worth $43,000 after buying an additional 93 shares during the last quarter. Corient Capital Partners LLC increased its position in Target by 1.2% in the fourth quarter. Corient Capital Partners LLC now owns 7,889 shares of the retailer’s stock worth $1,012,000 after buying an additional 95 shares during the last quarter. Carlson Capital Management boosted its holdings in shares of Target by 1.0% in the third quarter. Carlson Capital Management now owns 9,985 shares of the retailer’s stock worth $1,067,000 after acquiring an additional 100 shares during the period. Finally, Evermay Wealth Management LLC boosted its holdings in shares of Target by 3.8% in the third quarter. Evermay Wealth Management LLC now owns 2,724 shares of the retailer’s stock worth $291,000 after acquiring an additional 100 shares during the period. 76.86% of the stock is owned by institutional investors.
NYSE:TGT opened at $116.63 on Friday. The firm has a market capitalization of $59.10 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 2.27 and a beta of 0.57. Target Co. has a 52-week low of $70.03 and a 52-week high of $130.24. The stock has a fifty day moving average of $119.46 and a 200 day moving average of $111.52. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.15 and a current ratio of 0.83.
Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.17. The company had revenue of $18.41 billion during the quarter, compared to analyst estimates of $18.45 billion. Target had a return on equity of 28.22% and a net margin of 4.18%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. Equities analysts forecast that Target Co. will post 6.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Tuesday, February 18th. Target’s dividend payout ratio is 48.98%.
In related news, insider Don H. Liu sold 2,274 shares of Target stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $122.20, for a total transaction of $277,882.80. Following the completion of the sale, the insider now owns 37,616 shares of the company’s stock, valued at $4,596,675.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie A. Lundquist sold 6,630 shares of Target stock in a transaction on Monday, November 25th. The shares were sold at an average price of $127.00, for a total value of $842,010.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
A number of research firms have recently commented on TGT. Nomura reaffirmed a “buy” rating and issued a $136.00 price target on shares of Target in a report on Sunday, January 19th. KeyCorp reaffirmed a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Target in a report on Thursday, November 21st. Zacks Investment Research lowered Target from a “buy” rating to a “hold” rating and set a $131.00 price target for the company. in a report on Wednesday, January 22nd. Barclays reaffirmed a “buy” rating and issued a $135.00 price target on shares of Target in a report on Friday, November 22nd. Finally, Evercore ISI began coverage on Target in a report on Wednesday, November 20th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Target currently has an average rating of “Buy” and a consensus target price of $120.14.
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.
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