Target Co. (NYSE:TGT) Shares Sold by Covington Capital Management

Share on StockTwits

Covington Capital Management lessened its stake in Target Co. (NYSE:TGT) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,036 shares of the retailer’s stock after selling 186 shares during the period. Covington Capital Management’s holdings in Target were worth $4,748,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in Target by 36.5% in the 4th quarter. Renaissance Technologies LLC now owns 5,671,968 shares of the retailer’s stock valued at $727,203,000 after acquiring an additional 1,517,068 shares during the period. Charles Schwab Investment Management Inc. increased its position in Target by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,483,728 shares of the retailer’s stock valued at $574,859,000 after acquiring an additional 82,384 shares during the period. AQR Capital Management LLC increased its position in Target by 30.8% in the 4th quarter. AQR Capital Management LLC now owns 3,686,389 shares of the retailer’s stock valued at $472,631,000 after acquiring an additional 867,886 shares during the period. Massachusetts Financial Services Co. MA increased its position in Target by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,569,625 shares of the retailer’s stock valued at $457,662,000 after acquiring an additional 378,872 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in Target by 6.8% in the 4th quarter. UBS Asset Management Americas Inc. now owns 2,704,016 shares of the retailer’s stock valued at $346,682,000 after acquiring an additional 172,133 shares during the period. Hedge funds and other institutional investors own 82.14% of the company’s stock.

Several equities analysts have issued reports on TGT shares. Guggenheim reiterated a “hold” rating on shares of Target in a research report on Wednesday, January 15th. Zacks Investment Research cut Target from a “buy” rating to a “hold” rating and set a $131.00 target price on the stock. in a research report on Wednesday, January 22nd. Robert W. Baird reiterated a “buy” rating and set a $140.00 target price on shares of Target in a research report on Tuesday, March 3rd. Barclays reiterated a “buy” rating and set a $120.00 target price on shares of Target in a research report on Tuesday, March 17th. Finally, Stifel Nicolaus dropped their target price on Target from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $125.05.

Shares of NYSE:TGT opened at $100.56 on Wednesday. The business’s 50 day simple moving average is $108.91 and its 200-day simple moving average is $114.51. The firm has a market capitalization of $48.44 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.79 and a beta of 0.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.89 and a quick ratio of 0.27. Target Co. has a 12 month low of $70.03 and a 12 month high of $130.24.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 3rd. The retailer reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.03. The business had revenue of $23.40 billion for the quarter, compared to analyst estimates of $23.45 billion. Target had a return on equity of 28.46% and a net margin of 4.20%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.53 EPS. On average, equities analysts anticipate that Target Co. will post 6.84 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Tuesday, May 19th. Target’s dividend payout ratio (DPR) is 41.31%.

In other news, CAO Robert M. Harrison sold 631 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $102.00, for a total transaction of $64,362.00. Following the sale, the chief accounting officer now owns 9,634 shares of the company’s stock, valued at approximately $982,668. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is owned by insiders.

Target Profile

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 d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

Featured Article: What are the FAANG Stocks?

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).

Institutional Ownership by Quarter for Target (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.



Latest News

CPPGroup  Share Price Passes Below Two Hundred Day Moving Average of $3.89
CPPGroup Share Price Passes Below Two Hundred Day Moving Average of $3.89
TSS  Stock Price Passes Below 200-Day Moving Average of $1.14
TSS Stock Price Passes Below 200-Day Moving Average of $1.14
Grupo Financiero Banorte SAB de CV  Share Price Crosses Below 200 Day Moving Average of $5.27
Grupo Financiero Banorte SAB de CV Share Price Crosses Below 200 Day Moving Average of $5.27
BWP Trust  Shares Pass Below 200-Day Moving Average of $3.94
BWP Trust Shares Pass Below 200-Day Moving Average of $3.94
ThyssenKrupp  Shares Pass Below Two Hundred Day Moving Average of $11.85
ThyssenKrupp Shares Pass Below Two Hundred Day Moving Average of $11.85
Fidelity D&D Bancorp  Stock Price Crosses Below 200 Day Moving Average of $59.74
Fidelity D&D Bancorp Stock Price Crosses Below 200 Day Moving Average of $59.74


 
© 2006-2020 Zolmax.