Ibex Wealth Advisors increased its position in shares of Target Co. (NYSE:TGT) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,701 shares of the retailer’s stock after acquiring an additional 844 shares during the period. Target makes up about 1.7% of Ibex Wealth Advisors’ holdings, making the stock its 17th biggest position. Ibex Wealth Advisors’ holdings in Target were worth $5,475,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TGT. Massachusetts Financial Services Co. MA increased its holdings in Target by 58.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,190,753 shares of the retailer’s stock worth $341,124,000 after acquiring an additional 1,179,072 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Target by 21.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,555,720 shares of the retailer’s stock worth $307,961,000 after acquiring an additional 630,907 shares during the period. Man Group plc increased its holdings in Target by 113.2% during the 3rd quarter. Man Group plc now owns 1,040,719 shares of the retailer’s stock worth $111,263,000 after acquiring an additional 552,639 shares during the period. Johanson Financial Advisors Inc. increased its holdings in Target by 13,471.0% during the 4th quarter. Johanson Financial Advisors Inc. now owns 469,148 shares of the retailer’s stock worth $3,660,000 after acquiring an additional 465,691 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in Target by 4,016.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 320,369 shares of the retailer’s stock worth $34,251,000 after acquiring an additional 312,587 shares during the period. 77.05% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Don H. Liu sold 2,274 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $122.20, for a total value of $277,882.80. Following the completion of the sale, the insider now owns 37,616 shares of the company’s stock, valued at approximately $4,596,675.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephanie A. Lundquist sold 6,630 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $127.00, for a total transaction of $842,010.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

A number of analysts recently weighed in on the stock. ValuEngine lowered shares of Target from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. KeyCorp reaffirmed a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Target in a report on Thursday, November 21st. Cowen reaffirmed a “buy” rating and set a $150.00 target price on shares of Target in a report on Wednesday, January 15th. Nomura reaffirmed a “buy” rating and set a $136.00 target price on shares of Target in a report on Sunday, January 19th. Finally, Bank of America increased their price target on shares of Target from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $120.14.

Shares of NYSE:TGT traded down $2.03 during trading on Friday, reaching $113.96. The company had a trading volume of 210,137 shares, compared to its average volume of 5,424,077. The company has a fifty day moving average of $124.71 and a two-hundred day moving average of $108.71. The stock has a market capitalization of $57.72 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 2.38 and a beta of 0.56. Target Co. has a 12 month low of $69.07 and a 12 month high of $130.24. The company has a current ratio of 0.83, a quick ratio of 0.15 and a debt-to-equity ratio of 1.10.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.17. The firm had revenue of $18.41 billion for the quarter, compared to analyst estimates of $18.45 billion. Target had a net margin of 4.18% and a return on equity of 28.22%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. As a group, equities research analysts predict that Target Co. will post 6.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 19th will be paid a $0.66 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.32%. Target’s dividend payout ratio (DPR) is 48.98%.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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