Twin Capital Management Inc. bought a new position in shares of Target Co. (NYSE:TGT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,840 shares of the retailer’s stock, valued at approximately $404,000.

A number of other institutional investors also recently bought and sold shares of TGT. Parallel Advisors LLC lifted its holdings in Target by 23.8% during the second quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock worth $117,000 after buying an additional 399 shares during the period. Jacobi Capital Management LLC increased its position in shares of Target by 109.8% during the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after purchasing an additional 1,310 shares in the last quarter. Kistler Tiffany Companies LLC increased its position in shares of Target by 19.1% during the second quarter. Kistler Tiffany Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after purchasing an additional 445 shares in the last quarter. Sandy Spring Bank increased its position in shares of Target by 6.7% during the second quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock worth $155,000 after purchasing an additional 185 shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV increased its position in shares of Target by 4.7% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer’s stock worth $155,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

A number of brokerages have recently issued reports on TGT. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 price target (up from $58.00) on shares of Target in a research report on Friday, August 18th. BMO Capital Markets reaffirmed a “market perform” rating and set a $67.00 price target (up from $62.00) on shares of Target in a research report on Friday, August 18th. ValuEngine raised Target from a “hold” rating to a “buy” rating in a research report on Friday. Vetr downgraded Target from a “buy” rating to a “hold” rating and set a $57.89 price target on the stock. in a research report on Thursday, August 17th. Finally, Zacks Investment Research downgraded Target from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. Target presently has an average rating of “Hold” and an average target price of $63.25.

Shares of Target Co. (NYSE TGT) traded down $0.39 on Friday, reaching $59.51. The company’s stock had a trading volume of 8,317,171 shares, compared to its average volume of 9,283,936. The firm has a market cap of $32,560.01, a P/E ratio of 12.48, a P/E/G ratio of 7.41 and a beta of 0.64. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. Target Co. has a 12 month low of $48.56 and a 12 month high of $78.42.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. The company had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. analysts predict that Target Co. will post 4.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Tuesday, November 14th. Target’s dividend payout ratio is currently 51.88%.

In other Target news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction dated 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 through this link. 0.25% of the stock is currently owned by company insiders.

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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.

Institutional Ownership by Quarter for Target (NYSE:TGT)

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