Target Co. (TGT) Stake Increased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lifted its stake in shares of Target Co. (NYSE:TGT) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,059 shares of the retailer’s stock after acquiring an additional 1,927 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Target were worth $1,931,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. JPMorgan Chase & Co. boosted its stake in Target by 17.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,570,262 shares of the retailer’s stock valued at $403,145,000 after purchasing an additional 671,121 shares during the period. Martingale Asset Management L P raised its position in shares of Target by 749.3% during the 3rd quarter. Martingale Asset Management L P now owns 75,603 shares of the retailer’s stock valued at $6,669,000 after buying an additional 66,701 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Target during the 3rd quarter valued at $462,000. The Manufacturers Life Insurance Company raised its position in shares of Target by 218.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 216,308 shares of the retailer’s stock valued at $19,080,000 after buying an additional 148,391 shares in the last quarter. Finally, Man Group plc raised its position in shares of Target by 145.9% during the 3rd quarter. Man Group plc now owns 465,969 shares of the retailer’s stock valued at $41,103,000 after buying an additional 276,469 shares in the last quarter. Institutional investors own 83.89% of the company’s stock.

TGT has been the topic of several research reports. Standpoint Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $62.30 price objective on the stock in a research report on Wednesday, December 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $86.00 target price (down previously from $100.00) on shares of Target in a research report on Monday, January 7th. Tigress Financial reiterated a “buy” rating on shares of Target in a research report on Thursday, January 17th. Citigroup reiterated a “neutral” rating and issued a $78.00 target price on shares of Target in a research report on Tuesday, February 26th. Finally, BMO Capital Markets lifted their target price on shares of Target from $70.00 to $78.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $87.25.

TGT stock opened at $80.73 on Friday. Target Co. has a 12-month low of $60.15 and a 12-month high of $90.39. The stock has a market capitalization of $41.54 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 2.21 and a beta of 0.68. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.20 and a current ratio of 0.83.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 5th. The retailer reported $1.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.53. Target had a net margin of 3.90% and a return on equity of 25.74%. The firm had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $23.05 billion. During the same quarter in the previous year, the company earned $1.37 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities analysts predict that Target Co. will post 5.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is 47.50%.

In other Target news, insider Michael Edward Mcnamara sold 5,186 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $79.18, for a total value of $410,627.48. Following the transaction, the insider now owns 77,550 shares in the company, valued at $6,140,409. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Harrison sold 1,791 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $80.28, for a total transaction of $143,781.48. Following the completion of the transaction, the insider now owns 12,836 shares in the company, valued at approximately $1,030,474.08. The disclosure for this sale can be found here. Insiders sold 36,977 shares of company stock worth $2,774,409 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

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About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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