Janney Montgomery Scott LLC Boosts Position in Target Co. (TGT)

Janney Montgomery Scott LLC increased its holdings in Target Co. (NYSE:TGT) by 43.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,141 shares of the retailer’s stock after buying an additional 44,826 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Target were worth $8,801,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Valeo Financial Advisors LLC purchased a new position in shares of Target in the third quarter worth approximately $638,000. Cambria Investment Management L.P. boosted its holdings in shares of Target by 48.1% in the third quarter. Cambria Investment Management L.P. now owns 19,038 shares of the retailer’s stock worth $1,123,000 after buying an additional 6,183 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Target by 3.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 146,410 shares of the retailer’s stock worth $8,640,000 after buying an additional 4,787 shares during the last quarter. Kalos Management Inc. boosted its holdings in shares of Target by 15.7% in the third quarter. Kalos Management Inc. now owns 37,467 shares of the retailer’s stock worth $2,210,000 after buying an additional 5,071 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. boosted its holdings in shares of Target by 18.2% in the third quarter. Laurel Wealth Advisors Inc. now owns 6,965 shares of the retailer’s stock worth $410,000 after buying an additional 1,072 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors.

In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

Target Co. (TGT) traded up $0.39 during mid-day trading on Tuesday, hitting $61.76. 4,315,200 shares of the stock traded hands, compared to its average volume of 7,389,186. Target Co. has a 1 year low of $48.56 and a 1 year high of $78.37. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. The stock has a market capitalization of $33,350.90, a P/E ratio of 12.78, a PEG ratio of 7.58 and a beta of 0.64.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The firm had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts expect that Target Co. will post 4.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Tuesday, November 14th. Target’s dividend payout ratio (DPR) is presently 51.88%.

TGT has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 price target (up previously from $58.00) on shares of Target in a report on Friday, August 18th. TheStreet raised shares of Target from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Gordon Haskett raised shares of Target from a “sell” rating to a “hold” rating and lifted their price target for the company from $47.00 to $58.00 in a report on Wednesday, August 16th. ValuEngine raised shares of Target from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Vetr downgraded shares of Target from a “buy” rating to a “hold” rating and set a $57.89 price target on the stock. in a report on Thursday, August 17th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $63.25.

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Target 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.

Institutional Ownership by Quarter for Target (NYSE:TGT)

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