USS Investment Management Ltd Boosts Position in Target Co. (TGT)

USS Investment Management Ltd increased its stake in shares of Target Co. (NYSE:TGT) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 387,900 shares of the retailer’s stock after purchasing an additional 46,700 shares during the quarter. USS Investment Management Ltd owned approximately 0.07% of Target worth $25,312,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Legacy Private Trust Co. lifted its stake in Target by 55.8% in the fourth quarter. Legacy Private Trust Co. now owns 24,745 shares of the retailer’s stock valued at $1,615,000 after acquiring an additional 8,867 shares during the last quarter. BLB&B Advisors LLC lifted its stake in Target by 12.7% in the fourth quarter. BLB&B Advisors LLC now owns 47,978 shares of the retailer’s stock valued at $3,131,000 after acquiring an additional 5,398 shares during the last quarter. Pennsylvania Trust Co lifted its stake in Target by 9.1% in the fourth quarter. Pennsylvania Trust Co now owns 24,529 shares of the retailer’s stock valued at $1,605,000 after acquiring an additional 2,044 shares during the last quarter. Atria Investments LLC lifted its stake in Target by 281.1% in the fourth quarter. Atria Investments LLC now owns 77,275 shares of the retailer’s stock valued at $5,042,000 after acquiring an additional 56,996 shares during the last quarter. Finally, Hexavest Inc. lifted its stake in Target by 1.9% in the fourth quarter. Hexavest Inc. now owns 1,149,100 shares of the retailer’s stock valued at $74,979,000 after acquiring an additional 20,940 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

In related news, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction 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 document filed with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

A number of research firms have issued reports on TGT. MKM Partners set a $93.00 target price on shares of Target and gave the company a “buy” rating in a research note on Friday. Vetr cut shares of Target from a “hold” rating to a “sell” rating and set a $70.45 target price for the company. in a research note on Thursday, January 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $75.00 target price on shares of Target in a research note on Thursday, January 11th. Deutsche Bank upgraded shares of Target from a “neutral” rating to a “positive” rating and lifted their target price for the company from $57.00 to $70.00 in a research note on Wednesday, January 10th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 target price (up from $65.00) on shares of Target in a research note on Wednesday, January 10th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $66.15.

Shares of Target Co. (NYSE:TGT) traded up $2.80 during trading on Tuesday, hitting $76.80. 14,845,301 shares of the stock were exchanged, compared to its average volume of 10,194,956. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. Target Co. has a twelve month low of $48.56 and a twelve month high of $77.00. The firm has a market capitalization of $41,000.00, a PE ratio of 16.13, a price-to-earnings-growth ratio of 4.87 and a beta of 0.63.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the previous year, the company earned $1.04 earnings per share. Target’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts anticipate that Target Co. will post 4.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s payout ratio is 52.10%.

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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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