Thrivent Financial For Lutherans lowered its position in Target Co. (NYSE:TGT) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,185 shares of the retailer’s stock after selling 897 shares during the period. Thrivent Financial For Lutherans’ holdings in Target were worth $1,448,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TGT. Heritage Trust Co lifted its holdings in shares of Target by 129.7% in the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after purchasing an additional 1,000 shares in the last quarter. SevenBridge Financial Group LLC lifted its holdings in shares of Target by 2,200.0% in the third 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. Security Asset Management bought a new position in shares of Target in the fourth quarter valued at approximately $115,000. First Mercantile Trust Co. bought a new position in shares of Target in the fourth quarter valued at approximately $124,000. Finally, Independence Bank of Kentucky bought a new position in shares of Target in the fourth quarter valued at approximately $147,000. Institutional investors and hedge funds own 87.01% of the company’s stock.

Shares of Target stock opened at $70.14 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.30 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $38,898.06, a P/E ratio of 15.16, a P/E/G ratio of 3.02 and a beta of 0.71. Target Co. has a 52-week low of $48.56 and a 52-week high of $78.70.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 6th. The retailer reported $1.37 EPS 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 business had revenue of $22.77 billion for the quarter, compared to analysts’ expectations of $22.56 billion. During the same period in the previous year, the business posted $1.45 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. research analysts anticipate that Target Co. will post 5.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 10th. Shareholders of record on Wednesday, May 16th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.54%. Target’s dividend payout ratio is currently 46.36%.

In other Target news, insider Stephanie A. Lundquist sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the sale, the insider now directly owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Harrison sold 8,557 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $76.74, for a total value of $656,664.18. Following the completion of the sale, the insider now directly owns 13,288 shares of the company’s stock, valued at $1,019,721.12. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

TGT has been the topic of a number of recent research reports. ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Vetr lowered 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. Sanford C. Bernstein set a $65.00 target price on Target and gave the company a “buy” rating in a report on Thursday, December 14th. MKM Partners set a $77.00 target price on Target and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, Credit Suisse Group initiated coverage on Target in a report on Monday, March 5th. They issued a “buy” rating and a $86.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $74.20.

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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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