Optimum Investment Advisors bought a new stake in shares of Target Co. (NYSE:TGT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,451 shares of the retailer’s stock, valued at approximately $204,000.

Several other institutional investors also recently added to or reduced their stakes in TGT. Heritage Trust Co lifted its position in shares of Target by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after acquiring an additional 1,000 shares during the period. SevenBridge Financial Group LLC increased its stake in Target by 2,200.0% during the 3rd 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 in the last quarter. Parallel Advisors LLC increased its stake in Target by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after purchasing an additional 399 shares in the last quarter. Jacobi Capital Management LLC increased its stake in Target by 109.8% during the 3rd 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 in the last quarter. Finally, Kistler Tiffany Companies LLC increased its stake in Target by 19.1% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock valued at $145,000 after purchasing an additional 445 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

Target Co. (TGT) traded up $0.67 during midday trading on Friday, hitting $62.61. 9,151,556 shares of the stock traded hands, compared to its average volume of 7,633,927. Target Co. has a 12-month low of $48.56 and a 12-month high of $78.37. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. The company has a market cap of $33,668.89, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 7.72 and a beta of 0.64.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The firm had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. equities analysts forecast that Target Co. will post 4.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th were paid a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.96%. Target’s payout ratio is 51.88%.

TGT has been the subject of a number of recent research reports. Moffett Nathanson initiated coverage on shares of Target in a research note on Monday, December 4th. They set a “neutral” rating for the company. Zacks Investment Research lowered shares of Target from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. BMO Capital Markets restated a “market weight” rating on shares of Target in a research note on Thursday, September 14th. Jefferies Group restated a “hold” rating on shares of Target in a research note on Friday, August 25th. Finally, Wells Fargo & Company initiated coverage on shares of Target in a research note on Friday, November 3rd. They set a “market perform” rating and a $62.00 price target for the company. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $62.42.

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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.

Institutional Ownership by Quarter for Target (NYSE:TGT)

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