AMP Capital Investors Ltd Has $16.41 Million Position in Target Co. (TGT)

AMP Capital Investors Ltd lessened its holdings in Target Co. (NYSE:TGT) by 14.5% in the 4th quarter, Holdings Channel reports. The firm owned 251,521 shares of the retailer’s stock after selling 42,758 shares during the quarter. AMP Capital Investors Ltd’s holdings in Target were worth $16,413,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TGT. Raymond James Financial Services Advisors Inc. lifted its position in Target by 25.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 236,469 shares of the retailer’s stock worth $13,954,000 after acquiring an additional 47,705 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Target by 15.5% during the 3rd quarter. Principal Financial Group Inc. now owns 925,877 shares of the retailer’s stock worth $54,636,000 after purchasing an additional 124,409 shares during the period. Alps Advisors Inc. increased its holdings in shares of Target by 44.1% during the 3rd quarter. Alps Advisors Inc. now owns 12,845 shares of the retailer’s stock worth $758,000 after purchasing an additional 3,934 shares during the period. Global X MANAGEMENT CO LLC increased its holdings in shares of Target by 3.6% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 140,034 shares of the retailer’s stock worth $8,263,000 after purchasing an additional 4,903 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Target by 18.7% during the 3rd quarter. Sei Investments Co. now owns 232,168 shares of the retailer’s stock worth $13,701,000 after purchasing an additional 36,582 shares during the period. 87.02% of the stock is owned by institutional investors and hedge funds.

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Shares of Target Co. (TGT) opened at $70.67 on Tuesday. The firm has a market cap of $38,410.00, a PE ratio of 15.10, a P/E/G ratio of 3.14 and a beta of 0.71. Target Co. has a 52 week low of $48.56 and a 52 week high of $78.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.95 and a quick ratio of 0.30.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 6th. The retailer reported $1.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.02). The business had revenue of $22.77 billion during the quarter, compared to the consensus estimate of $22.56 billion. Target had a net margin of 4.08% and a return on equity of 23.04%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. equities analysts expect that Target Co. will post 5.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Shareholders 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 annualized dividend and a yield of 3.51%. Target’s dividend payout ratio is 52.99%.

Several research analysts have recently issued reports on the stock. Vetr upgraded shares of Target from a “sell” rating to a “hold” rating and set a $72.52 price objective on the stock in a report on Monday, February 5th. Susquehanna Bancshares set a $95.00 price objective on shares of Target and gave the stock a “buy” rating in a report on Monday, March 5th. Sanford C. Bernstein set a $65.00 price objective on shares of Target and gave the stock a “buy” rating in a report on Thursday, December 14th. Barclays set a $45.00 price objective on shares of Target and gave the stock a “sell” rating in a report on Wednesday, November 15th. Finally, MKM Partners set a $77.00 price objective on shares of Target and gave the stock a “buy” rating in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $73.97.

In other Target news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this link. Also, insider Stephanie A. Lundquist sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total transaction of $234,240.00. Following the sale, the insider now directly owns 16,906 shares in the company, valued at $1,320,020.48. The disclosure for this sale can be found here. Insiders have sold 16,262 shares of company stock worth $1,185,484 over the last ninety days. Insiders own 0.20% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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