Investors Asset Management of Georgia Inc. GA ADV Grows Stake in Target Co. (TGT)

Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in Target Co. (NYSE:TGT) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,608 shares of the retailer’s stock after acquiring an additional 235 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Target were worth $1,092,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. One Capital Management LLC grew its position in Target by 1.9% during the fourth quarter. One Capital Management LLC now owns 36,001 shares of the retailer’s stock valued at $2,379,000 after buying an additional 656 shares during the period. Truewealth LLC grew its position in shares of Target by 70.7% in the fourth quarter. Truewealth LLC now owns 881 shares of the retailer’s stock valued at $58,000 after purchasing an additional 365 shares during the period. Lord Abbett & CO. LLC grew its position in shares of Target by 40.9% in the fourth quarter. Lord Abbett & CO. LLC now owns 897,700 shares of the retailer’s stock valued at $59,329,000 after purchasing an additional 260,700 shares during the period. Swedbank grew its position in shares of Target by 4.5% in the fourth quarter. Swedbank now owns 2,349,986 shares of the retailer’s stock valued at $152,655,000 after purchasing an additional 101,671 shares during the period. Finally, CIBC Asset Management Inc grew its position in shares of Target by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 52,674 shares of the retailer’s stock valued at $3,481,000 after purchasing an additional 335 shares during the period. Hedge funds and other institutional investors own 83.89% of the company’s stock.

TGT has been the topic of several research analyst reports. Evercore ISI initiated coverage on shares of Target in a research report on Wednesday, March 20th. They issued an “in-line” rating and a $80.00 target price on the stock. Gordon Haskett upgraded shares of Target from an “accumulate” rating to a “buy” rating in a research report on Thursday, March 21st. BMO Capital Markets lifted their target price on shares of Target from $70.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, March 6th. Standpoint Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $62.30 target price on the stock in a research report on Wednesday, December 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $88.00 target price (up previously from $86.00) on shares of Target in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company. Target currently has a consensus rating of “Hold” and an average price target of $87.44.

In other Target news, insider Cathy R. Smith sold 30,000 shares of Target stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $74.00, for a total transaction of $2,220,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert M. Harrison sold 1,791 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 12,836 shares in the company, valued at $1,030,474.08. The disclosure for this sale can be found here. Insiders have sold 36,977 shares of company stock worth $2,774,409 over the last ninety days. 0.19% of the stock is owned by insiders.

Shares of TGT stock opened at $82.68 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.20 and a debt-to-equity ratio of 1.08. Target Co. has a 12 month low of $60.15 and a 12 month high of $90.39. The stock has a market cap of $42.33 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 2.25 and a beta of 0.68.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 5th. The retailer reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. Target had a net margin of 3.90% and a return on equity of 25.74%. The company had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.05 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. Target’s quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts anticipate that Target Co. will post 5.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is presently 47.50%.

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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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