Target Co. (TGT) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado raised its holdings in Target Co. (NYSE:TGT) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 98,837 shares of the retailer’s stock after acquiring an additional 4,919 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Target were worth $6,449,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TGT. Capital Research Global Investors bought a new stake in shares of Target in the second quarter valued at about $235,305,000. American Century Companies Inc. lifted its holdings in shares of Target by 45.1% in the third quarter. American Century Companies Inc. now owns 5,238,106 shares of the retailer’s stock valued at $309,101,000 after purchasing an additional 1,629,222 shares in the last quarter. Miller Howard Investments Inc. NY bought a new stake in shares of Target in the third quarter valued at about $65,948,000. Dimensional Fund Advisors LP lifted its holdings in shares of Target by 49.7% in the third quarter. Dimensional Fund Advisors LP now owns 3,186,874 shares of the retailer’s stock valued at $188,052,000 after purchasing an additional 1,058,000 shares in the last quarter. Finally, Hamlin Capital Management LLC bought a new stake in shares of Target in the fourth quarter valued at about $60,860,000. 87.36% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Stephanie A. Lundquist sold 3,000 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the transaction, the insider now directly owns 16,906 shares in the company, valued at approximately $1,320,020.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $62.61, for a total value of $294,580.05. The disclosure for this sale can be found here. Insiders sold a total of 16,262 shares of company stock valued at $1,185,484 over the last quarter. 0.25% of the stock is owned by corporate insiders.

Several research firms recently issued reports on TGT. Zacks Investment Research upgraded Target from a “hold” rating to a “strong-buy” rating and set a $88.00 target price on the stock in a report on Saturday, January 20th. MKM Partners set a $93.00 target price on Target and gave the stock a “buy” rating in a report on Friday, January 12th. Vetr lowered Target from a “hold” rating to a “sell” rating and set a $70.45 target price on the stock. in a report on Thursday, January 11th. Cowen set a $80.00 target price on Target and gave the stock a “hold” rating in a report on Thursday. Finally, Deutsche Bank upgraded Target from a “neutral” rating to a “positive” rating and upped their target price for the stock from $57.00 to $70.00 in a report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Target presently has a consensus rating of “Hold” and a consensus target price of $67.64.

Shares of Target Co. (TGT) opened at $71.11 on Friday. The firm has a market capitalization of $39,816.70, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 3.46 and a beta of 0.76. Target Co. has a twelve month low of $48.56 and a twelve month high of $78.70. 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 issued its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. The firm had revenue of $16.67 billion for 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%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. equities research analysts expect that Target Co. will post 4.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s payout ratio is 51.88%.

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About Target

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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