Braun Stacey Associates Inc. Has $6.59 Million Position in Target Co. (TGT)

Braun Stacey Associates Inc. boosted its holdings in shares of Target Co. (NYSE:TGT) by 322.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,732 shares of the retailer’s stock after purchasing an additional 57,056 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Target were worth $6,592,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sun Life Financial INC increased its holdings in Target by 739.5% during the 2nd quarter. Sun Life Financial INC now owns 1,444 shares of the retailer’s stock worth $110,000 after purchasing an additional 1,272 shares during the last quarter. CSat Investment Advisory L.P. purchased a new stake in Target during the 2nd quarter worth approximately $114,000. Duncker Streett & Co. Inc. increased its holdings in Target by 1,435.0% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,535 shares of the retailer’s stock worth $117,000 after purchasing an additional 1,435 shares during the last quarter. ELM Advisors LLC purchased a new stake in Target during the 3rd quarter worth approximately $141,000. Finally, Squar Milner Financial Services LLC purchased a new stake in Target during the 2nd quarter worth approximately $129,000. Institutional investors own 83.90% of the company’s stock.

In related news, insider Janna A. Potts sold 15,172 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $88.00, for a total transaction of $1,335,136.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie A. Lundquist sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, October 9th. The shares were 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 insiders.

Several research firms have issued reports on TGT. Citigroup lifted their price objective on Target from $76.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, August 27th. Stifel Nicolaus lifted their price objective on Target from $85.00 to $93.00 and gave the stock a “hold” rating in a report on Thursday, August 23rd. BMO Capital Markets began coverage on Target in a report on Monday, September 17th. They set a “market perform” rating and a $88.00 price objective on the stock. Wolfe Research downgraded Target from an “outperform” rating to a “market perform” rating in a report on Thursday, August 23rd. Finally, Barclays lifted their price objective on Target from $70.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Target presently has an average rating of “Hold” and a consensus price target of $87.68.

Shares of NYSE TGT opened at $84.10 on Tuesday. Target Co. has a twelve month low of $54.04 and a twelve month high of $90.39. The company has a quick ratio of 0.17, a current ratio of 0.82 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $43.13 billion, a PE ratio of 17.86, a PEG ratio of 2.26 and a beta of 0.70.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 22nd. The retailer reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.07. Target had a return on equity of 24.29% and a net margin of 4.19%. The business had revenue of $17.78 billion during the quarter, compared to the consensus estimate of $17.33 billion. During the same period in the previous year, the business earned $1.23 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts forecast that Target Co. will post 5.38 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be issued a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.04%. Target’s dividend payout ratio (DPR) is 54.35%.

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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