Stephens Inc. AR Buys 6,991 Shares of Target Co. (TGT)

Stephens Inc. AR raised its stake in shares of Target Co. (NYSE:TGT) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,213 shares of the retailer’s stock after purchasing an additional 6,991 shares during the period. Stephens Inc. AR’s holdings in Target were worth $4,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. State Street Corp raised its position in Target by 1.5% during the second quarter. State Street Corp now owns 51,944,505 shares of the retailer’s stock valued at $2,716,176,000 after purchasing an additional 775,265 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Target by 7.5% in the third quarter. Bank of New York Mellon Corp now owns 9,738,657 shares of the retailer’s stock worth $574,680,000 after buying an additional 682,253 shares during the period. American Century Companies Inc. raised its holdings in shares of Target by 15.7% in the fourth quarter. American Century Companies Inc. now owns 6,059,271 shares of the retailer’s stock worth $395,367,000 after buying an additional 821,165 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Target by 16.3% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 4,914,194 shares of the retailer’s stock worth $289,987,000 after buying an additional 687,900 shares during the period. Finally, Capital Research Global Investors purchased a new stake in shares of Target in the second quarter worth approximately $235,305,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Target Co. (NYSE TGT) opened at $73.25 on Thursday. Target Co. has a 52 week low of $48.56 and a 52 week high of $78.70. The stock has a market capitalization of $39,523.17, a P/E ratio of 15.15, a P/E/G ratio of 3.44 and a beta of 0.76. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The company had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Target’s revenue was up 1.4% compared to the same quarter last year. analysts expect that Target Co. will post 4.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 annualized dividend and a yield of 3.39%. Target’s dividend payout ratio (DPR) is currently 51.88%.

TGT has been the topic of several recent analyst reports. Moffett Nathanson initiated coverage on Target in a report on Monday, December 4th. They issued a “neutral” rating on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $75.00 price target on shares of Target in a report on Thursday, January 11th. Telsey Advisory Group increased their price target on Target from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. Vetr downgraded Target from a “hold” rating to a “sell” rating and set a $70.45 price target on the stock. in a report on Thursday, January 11th. Finally, Wells Fargo & Co initiated coverage on Target in a report on Friday, November 3rd. They issued a “market perform” rating and a $62.00 price target on the stock. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Target presently has an average rating of “Hold” and a consensus price target of $66.88.

In related news, Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert M. Harrison sold 8,557 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $76.74, for a total value of $656,664.18. Following the completion of the transaction, the insider now directly owns 13,288 shares in the company, valued at approximately $1,019,721.12. The disclosure for this sale can be found here. In the last three months, insiders sold 16,262 shares of company stock worth $1,185,484. 0.25% of the stock is owned by insiders.

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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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