Target Co. (TGT) Holdings Lifted by AE Wealth Management LLC

AE Wealth Management LLC grew its position in Target Co. (NYSE:TGT) by 220.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,771 shares of the retailer’s stock after buying an additional 12,922 shares during the period. AE Wealth Management LLC’s holdings in Target were worth $1,225,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TGT. Heritage Trust Co raised its holdings in shares of Target by 129.7% during the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after purchasing an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC raised its holdings in shares of Target by 2,200.0% during the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after purchasing an additional 1,826 shares during the last quarter. Security Asset Management purchased a new position in shares of Target during the fourth quarter valued at approximately $115,000. First Mercantile Trust Co. purchased a new position in shares of Target during the fourth quarter valued at approximately $124,000. Finally, Jacobi Capital Management LLC raised its holdings in shares of Target by 109.8% during the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after purchasing an additional 1,310 shares during the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Target from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Telsey Advisory Group decreased their price objective on shares of Target from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, November 16th. Barclays set a $45.00 price objective on shares of Target and gave the company a “sell” rating in a report on Wednesday, November 15th. Vetr lowered shares of Target from a “strong-buy” rating to a “buy” rating and set a $66.10 target price for the company. in a research report on Wednesday, November 29th. Finally, Stifel Nicolaus restated a “hold” rating and set a $75.00 target price on shares of Target in a research report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $67.64.

In other Target news, insider Robert M. Harrison sold 8,557 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were 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 $1,019,721.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephanie A. Lundquist sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total transaction of $234,240.00. Following the completion of the transaction, the insider now owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,262 shares of company stock valued at $1,185,484. Company insiders own 0.25% of the company’s stock.

Shares of Target Co. (TGT) opened at $72.45 on Friday. The stock has a market cap of $39,380.00, a P/E ratio of 15.22, a P/E/G ratio of 3.36 and a beta of 0.75. Target Co. has a 12-month low of $48.56 and a 12-month high of $78.70. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. Target had a net margin of 3.80% and a return on equity of 24.09%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. equities analysts predict that Target Co. will post 4.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.42%. Target’s payout ratio is currently 52.10%.

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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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