Target Co. (TGT) Holdings Trimmed by Green Square Capital LLC
Green Square Capital LLC cut its position in shares of Target Co. (NYSE:TGT) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 97,320 shares of the retailer’s stock after selling 9,073 shares during the quarter. Green Square Capital LLC’s holdings in Target were worth $5,743,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of TGT. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Target during the 1st quarter valued at $3,458,000. Stonebridge Capital Advisors LLC increased its position in shares of Target by 47.6% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 35,785 shares of the retailer’s stock valued at $1,975,000 after purchasing an additional 11,537 shares during the period. Proficio Capital Partners LLC increased its position in shares of Target by 2,193.7% during the 1st quarter. Proficio Capital Partners LLC now owns 5,803 shares of the retailer’s stock valued at $314,000 after purchasing an additional 5,550 shares during the period. Ballentine Partners LLC increased its position in shares of Target by 2.0% during the 1st quarter. Ballentine Partners LLC now owns 5,597 shares of the retailer’s stock valued at $309,000 after purchasing an additional 112 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Target by 12.6% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 1,809,167 shares of the retailer’s stock valued at $99,848,000 after purchasing an additional 202,441 shares during the period. Institutional investors own 87.75% of the company’s stock.
Several equities analysts have recently issued reports on the company. Moffett Nathanson assumed coverage on Target in a research report on Monday, December 4th. They set a “neutral” rating on the stock. ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Vetr cut Target from a “strong-buy” rating to a “buy” rating and set a $66.10 target price on the stock. in a report on Wednesday, November 29th. Barclays set a $45.00 target price on Target and gave the stock a “sell” rating in a report on Wednesday, November 15th. Finally, Morgan Stanley decreased their target price on Target from $52.00 to $50.00 and set an “underweight” rating on the stock in a report on Thursday, November 16th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.25.
In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target stock in a transaction on Friday, September 15th. The stock was sold at an average price of $59.37, for a total transaction of $277,792.23. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.
Shares of Target Co. (TGT) traded up $0.39 during mid-day trading on Tuesday, hitting $61.76. The stock had a trading volume of 4,315,200 shares, compared to its average volume of 7,389,186. Target Co. has a twelve month low of $48.56 and a twelve month high of $78.37. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $33,350.90, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 7.58 and a beta of 0.64.
Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The business had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. Target’s revenue for the quarter was up 1.4% compared to the same quarter last year. analysts anticipate that Target Co. will post 4.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.62 per share. The ex-dividend date was Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.02%. Target’s dividend payout ratio is 51.88%.
Target Company 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.
Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with Analyst Ratings Network's FREE daily email newsletter.