Profund Advisors LLC Has $1.18 Million Stake in Target Co. (TGT)

Profund Advisors LLC lifted its holdings in shares of Target Co. (NYSE:TGT) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,139 shares of the retailer’s stock after buying an additional 3,317 shares during the quarter. Profund Advisors LLC’s holdings in Target were worth $1,184,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Capital Investment Advisory Services LLC grew its position in shares of Target by 9.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 7,675 shares of the retailer’s stock worth $501,000 after buying an additional 693 shares during the period. Corient Capital Partners LLC grew its position in shares of Target by 11.1% during the 4th quarter. Corient Capital Partners LLC now owns 6,994 shares of the retailer’s stock worth $456,000 after buying an additional 699 shares during the period. White Pine Capital LLC grew its position in shares of Target by 2.7% during the 4th quarter. White Pine Capital LLC now owns 27,908 shares of the retailer’s stock worth $1,821,000 after buying an additional 725 shares during the period. Haverford Trust Co. grew its position in shares of Target by 4.0% during the 4th quarter. Haverford Trust Co. now owns 20,290 shares of the retailer’s stock worth $1,324,000 after buying an additional 775 shares during the period. Finally, Heritage Trust Co grew its position in shares of Target by 49.4% during the 4th quarter. Heritage Trust Co now owns 2,645 shares of the retailer’s stock worth $173,000 after buying an additional 874 shares during the period. Institutional investors own 87.02% of the company’s stock.

Target Co. (TGT) opened at $71.17 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.95 and a debt-to-equity ratio of 0.97. Target Co. has a one year low of $48.56 and a one year high of $78.70. The firm has a market cap of $38,690.00, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 3.14 and a beta of 0.71.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 6th. The retailer reported $1.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.02). Target had a net margin of 4.08% and a return on equity of 23.04%. The company had revenue of $22.77 billion during the quarter, compared to the consensus estimate of $22.56 billion. During the same period in the previous year, the firm posted $1.45 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. equities research analysts expect that Target Co. will post 5.29 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Tuesday, February 20th. Target’s payout ratio is currently 53.68%.

In other Target news, Director Roxanne S. Austin sold 4,705 shares of Target stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $62.61, for a total value of $294,580.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephanie A. Lundquist sold 3,000 shares of Target stock in a transaction that occurred on Tuesday, January 23rd. The shares were 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 directly owns 16,906 shares in the company, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,262 shares of company stock worth $1,185,484. Insiders own 0.20% of the company’s stock.

Several brokerages have recently commented on TGT. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price target for the company in a research report on Saturday, January 20th. Vetr lowered shares of Target from a “hold” rating to a “sell” rating and set a $73.66 price objective on the stock. in a research note on Tuesday, February 27th. Citigroup reissued a “neutral” rating and set a $80.00 price objective (down previously from $86.00) on shares of Target in a research note on Friday, February 16th. Credit Suisse Group initiated coverage on shares of Target in a research note on Monday, February 26th. They set an “outperform” rating and a $86.00 price objective on the stock. Finally, Susquehanna Bancshares set a $95.00 price objective on shares of Target and gave the stock a “buy” rating in a research note on Monday, March 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.97.

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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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