Target Co. (TGT) Stake Boosted by Blair William & Co. IL

Blair William & Co. IL raised its holdings in shares of Target Co. (NYSE:TGT) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,846 shares of the retailer’s stock after purchasing an additional 1,034 shares during the period. Blair William & Co. IL’s holdings in Target were worth $4,926,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bath Savings Trust Co acquired a new position in shares of Target during the third quarter worth $229,000. Highstreet Asset Management Inc. increased its position in shares of Target by 2.6% in the 2nd quarter. Highstreet Asset Management Inc. now owns 38,835 shares of the retailer’s stock valued at $2,956,000 after acquiring an additional 980 shares during the period. Capital Investment Advisors LLC increased its position in shares of Target by 7.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 58,289 shares of the retailer’s stock valued at $5,142,000 after acquiring an additional 4,011 shares during the period. Uncommon Cents Investing LLC increased its position in shares of Target by 2.2% in the 2nd quarter. Uncommon Cents Investing LLC now owns 31,623 shares of the retailer’s stock valued at $2,407,000 after acquiring an additional 685 shares during the period. Finally, D L Carlson Investment Group Inc. increased its position in shares of Target by 21.2% in the 2nd quarter. D L Carlson Investment Group Inc. now owns 61,919 shares of the retailer’s stock valued at $4,713,000 after acquiring an additional 10,835 shares during the period. 83.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of TGT opened at $70.96 on Monday. The stock has a market cap of $37.03 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 2.20 and a beta of 0.73. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.13 and a current ratio of 0.83. Target Co. has a fifty-two week low of $56.82 and a fifty-two week high of $90.39.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, November 20th. The retailer reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.02). The company had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.81 billion. Target had a return on equity of 25.02% and a net margin of 4.31%. Target’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. On average, analysts expect that Target Co. will post 5.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Tuesday, November 20th. Target’s dividend payout ratio is currently 54.35%.

In other Target news, insider Janna A. Potts sold 15,172 shares of the stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $88.00, for a total transaction of $1,335,136.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephanie A. Lundquist sold 2,100 shares of the stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $86.00, for a total value of $180,600.00. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on TGT shares. Zacks Investment Research raised Target from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Tuesday, August 7th. Loop Capital set a $102.00 target price on Target and gave the company a “hold” rating in a research report on Friday, August 17th. UBS Group upped their target price on Target from $76.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, August 17th. Bank of America set a $90.00 target price on Target and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Finally, Guggenheim reissued a “hold” rating on shares of Target in a research report on Wednesday, August 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $88.00.

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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.

Further Reading: 52-Week High/Low

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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