Psagot Investment House Ltd. lifted its holdings in shares of Target Co. (NYSE:TGT) by 1,814.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,857 shares of the retailer’s stock after acquiring an additional 45,357 shares during the period. Psagot Investment House Ltd.’s holdings in Target were worth $2,824,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in TGT. PVG Asset Management Corp purchased a new position in shares of Target during the first quarter worth approximately $1,519,000. Fiduciary Trust Co. grew its position in Target by 67.9% in the 1st quarter. Fiduciary Trust Co. now owns 17,767 shares of the retailer’s stock valued at $980,000 after buying an additional 7,188 shares during the last quarter. Cambria Investment Management L.P. grew its position in Target by 16.5% in the 1st quarter. Cambria Investment Management L.P. now owns 14,635 shares of the retailer’s stock valued at $808,000 after buying an additional 2,069 shares during the last quarter. Gareth Morgan Investments Limited Partnership grew its position in Target by 15.3% in the 1st quarter. Gareth Morgan Investments Limited Partnership now owns 51,392 shares of the retailer’s stock valued at $2,836,000 after buying an additional 6,834 shares during the last quarter. Finally, Security National Bank of Sioux City Iowa IA grew its position in Target by 40.7% in the 1st quarter. Security National Bank of Sioux City Iowa IA now owns 13,239 shares of the retailer’s stock valued at $730,000 after buying an additional 3,830 shares during the last quarter. Institutional investors and hedge funds own 87.41% of the company’s stock.
A number of equities analysts recently weighed in on TGT shares. TheStreet upgraded shares of Target from a “c+” rating to a “b” rating in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Tuesday, October 10th. MKM Partners lifted their price objective on shares of Target from $58.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Vetr upgraded shares of Target from a “hold” rating to a “buy” rating and set a $59.67 price objective on the stock in a research report on Monday, August 14th. Finally, BMO Capital Markets reiterated a “market weight” rating on shares of Target in a research report on Thursday, September 14th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $63.25.
Target Co. (NYSE:TGT) traded down $1.48 during trading on Thursday, reaching $60.72. The company’s stock had a trading volume of 5,562,200 shares, compared to its average volume of 7,432,677. Target Co. has a 12 month low of $48.56 and a 12 month high of $78.42. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $33,810.22, a P/E ratio of 12.96, a P/E/G ratio of 7.69 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, beating analysts’ consensus estimates of $0.86 by $0.05. The company had revenue of $16.67 billion during the quarter, compared to the consensus estimate of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. Target’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 earnings per share. equities analysts anticipate that Target Co. will post 4.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Tuesday, November 14th. Target’s dividend payout ratio (DPR) is presently 51.88%.
In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target stock in a transaction on Friday, September 15th. The stock was sold at an average price of $59.37, for a total transaction of $277,792.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.
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Target Company 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.
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