Tocqueville Asset Management L.P. reduced its position in Target Co. (NYSE:TGT) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 360,065 shares of the retailer’s stock after selling 4,216 shares during the quarter. Tocqueville Asset Management L.P. owned 0.07% of Target worth $23,494,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Heritage Trust Co raised its position in Target by 129.7% in the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after purchasing an additional 1,000 shares during the period. SevenBridge Financial Group LLC raised its position in Target by 2,200.0% in the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after purchasing an additional 1,826 shares during the period. Security Asset Management purchased a new stake in Target in the 4th quarter worth about $115,000. First Mercantile Trust Co. purchased a new stake in Target in the 4th quarter worth about $124,000. Finally, Jacobi Capital Management LLC raised its position in Target by 109.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after purchasing an additional 1,310 shares during the period. 87.02% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on TGT. Zacks Investment Research lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley set a $64.00 price objective on shares of Target and gave the stock a “sell” rating in a research report on Wednesday, March 7th. Telsey Advisory Group dropped their target price on shares of Target from $83.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 7th. Vetr upgraded shares of Target from a “hold” rating to a “buy” rating and set a $75.42 target price on the stock in a research note on Tuesday, March 6th. Finally, Susquehanna Bancshares set a $95.00 target price on shares of Target and gave the stock a “buy” rating in a research note on Monday, March 5th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $73.97.
Target Co. (NYSE TGT) traded down $0.52 during midday trading on Wednesday, hitting $70.65. 4,683,651 shares of the stock were exchanged, compared to its average volume of 6,710,000. The company has a current ratio of 0.95, a quick ratio of 0.30 and a debt-to-equity ratio of 0.97. Target Co. has a 1 year low of $48.56 and a 1 year high of $78.70. The company has a market capitalization of $38,400.00, a P/E ratio of 15.29, a PEG ratio of 2.98 and a beta of 0.71.
Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 6th. The retailer reported $1.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.02). Target had a net margin of 4.08% and a return on equity of 23.04%. The business had revenue of $22.77 billion for the quarter, compared to the consensus estimate of $22.56 billion. During the same quarter in the prior year, the business posted $1.45 earnings per share. Target’s revenue for the quarter was up 10.0% on a year-over-year basis. equities research analysts expect that Target Co. will post 5.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.51%. Target’s dividend payout ratio is presently 53.68%.
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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.
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