6,993 Shares in Target Co. (NYSE:TGT) Acquired by Burford Brothers Inc.

Burford Brothers Inc. acquired a new stake in Target Co. (NYSE:TGTFree Report) during the fourth quarter, Holdings Channel reports. The fund acquired 6,993 shares of the retailer’s stock, valued at approximately $996,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Services Automobile Association increased its position in Target by 2.9% during the third quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after purchasing an additional 1,239 shares during the last quarter. RFG Advisory LLC purchased a new stake in shares of Target during the 4th quarter valued at approximately $605,000. Nordea Investment Management AB lifted its holdings in Target by 4.9% in the fourth quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock valued at $73,819,000 after acquiring an additional 24,066 shares during the last quarter. Asio Capital LLC increased its stake in Target by 109.9% during the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after acquiring an additional 14,274 shares during the last quarter. Finally, Blue Chip Partners LLC raised its position in Target by 5.1% in the fourth quarter. Blue Chip Partners LLC now owns 130,179 shares of the retailer’s stock valued at $18,540,000 after purchasing an additional 6,348 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TGT shares. Robert W. Baird restated an “outperform” rating and issued a $190.00 price objective on shares of Target in a report on Thursday, May 23rd. StockNews.com cut shares of Target from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 23rd. Royal Bank of Canada cut their target price on Target from $191.00 to $181.00 and set an “outperform” rating on the stock in a research report on Thursday, May 23rd. Morgan Stanley lowered their price target on Target from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Finally, HSBC raised Target from a “hold” rating to a “buy” rating and increased their target price for the stock from $140.00 to $195.00 in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.11.

Check Out Our Latest Research Report on Target

Target Stock Performance

NYSE:TGT traded down $3.53 during midday trading on Friday, reaching $141.15. The stock had a trading volume of 4,210,013 shares, compared to its average volume of 3,894,144. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The stock has a market cap of $65.30 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.38 and a beta of 1.20. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. The firm has a fifty day simple moving average of $157.98 and a two-hundred day simple moving average of $152.20.

Target (NYSE:TGTGet Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a net margin of 3.87% and a return on equity of 31.91%. The firm had revenue of $24.14 billion during the quarter, compared to analyst estimates of $24.52 billion. During the same quarter in the previous year, the business earned $2.05 EPS. Target’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts expect that Target Co. will post 9.32 EPS for the current year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a $1.12 dividend. This is a boost from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. This represents a $4.48 annualized dividend and a yield of 3.17%. Target’s dividend payout ratio is presently 50.28%.

Insider Buying and Selling at Target

In other news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.23% of the stock is owned by corporate insiders.

Target Company Profile

(Free Report)

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.

See Also

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGTFree Report).

Institutional Ownership by Quarter for Target (NYSE:TGT)

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