Target Co. (TGT) Position Cut by Usca Ria LLC
Usca Ria LLC cut its stake in shares of Target Co. (NYSE:TGT) by 19.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,901 shares of the retailer’s stock after selling 12,688 shares during the period. Usca Ria LLC’s holdings in Target were worth $2,975,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of TGT. LSV Asset Management raised its position in Target by 6.4% in the third quarter. LSV Asset Management now owns 4,849,168 shares of the retailer’s stock valued at $333,040,000 after buying an additional 292,180 shares during the last quarter. Transamerica Financial Advisors Inc. raised its position in Target by 9.8% in the third quarter. Transamerica Financial Advisors Inc. now owns 88,745 shares of the retailer’s stock valued at $6,095,000 after buying an additional 7,952 shares during the last quarter. First National Bank Sioux Falls raised its position in Target by 18.5% in the third quarter. First National Bank Sioux Falls now owns 1,603 shares of the retailer’s stock valued at $110,000 after buying an additional 250 shares during the last quarter. Rikoon Group LLC purchased a new position in Target during the third quarter valued at $326,000. Finally, Sigma Planning Corp raised its position in Target by 4.8% in the third quarter. Sigma Planning Corp now owns 14,765 shares of the retailer’s stock valued at $1,014,000 after buying an additional 678 shares during the last quarter. Institutional investors own 88.53% of the company’s stock.
Target Co. (NYSE:TGT) opened at 54.40 on Monday. The firm has a market cap of $30.01 billion, a PE ratio of 11.15 and a beta of 0.63. Target Co. has a 12-month low of $52.72 and a 12-month high of $79.33. The firm’s 50-day moving average is $55.24 and its 200 day moving average is $63.79.
Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 17th. The retailer reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.30. The company had revenue of $16.02 billion for the quarter, compared to analyst estimates of $15.63 billion. Target had a net margin of 4.75% and a return on equity of 25.18%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 earnings per share. Equities research analysts predict that Target Co. will post $4.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, May 17th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, May 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.41%. Target’s dividend payout ratio is currently 42.93%.
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Several equities analysts have weighed in on the stock. UBS Group AG reiterated a “neutral” rating and issued a $72.00 target price on shares of Target in a report on Tuesday, February 28th. Cowen and Company reiterated a “market perform” rating and issued a $75.00 target price on shares of Target in a report on Tuesday, February 28th. Susquehanna Bancshares Inc assumed coverage on shares of Target in a report on Friday, February 10th. They issued a “neutral” rating and a $70.00 target price on the stock. Vetr lowered shares of Target from a “strong-buy” rating to a “buy” rating and set a $72.80 target price on the stock. in a report on Thursday, February 9th. Finally, Zacks Investment Research upgraded shares of Target from a “sell” rating to a “hold” rating in a report on Monday, February 20th. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $65.49.
In other news, Director Donald R. Knauss acquired 10,000 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were bought at an average price of $54.86 per share, for a total transaction of $548,600.00. Following the completion of the purchase, the director now directly owns 16,431 shares of the company’s stock, valued at approximately $901,404.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Don H. Liu acquired 2,000 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were purchased at an average price of $58.20 per share, for a total transaction of $116,400.00. The disclosure for this purchase can be found here. Insiders have bought 19,000 shares of company stock worth $1,073,750 in the last quarter. Insiders own 0.25% of the company’s stock.
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.
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