Target Co. (TGT) Shares Sold by LSV Asset Management
LSV Asset Management reduced its holdings in shares of Target Co. (NYSE:TGT) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,795,165 shares of the retailer’s stock after selling 56,942 shares during the quarter. Target makes up about 0.7% of LSV Asset Management’s portfolio, making the stock its 28th biggest holding. LSV Asset Management’s holdings in Target were worth $443,384,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of TGT. Bedell Frazier Investment Counseling LLC acquired a new stake in Target during the 3rd quarter worth approximately $219,000. Security Asset Management acquired a new stake in Target during the 4th quarter worth approximately $115,000. Heritage Trust Co lifted its holdings in Target by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after purchasing an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC lifted its holdings in Target by 2,200.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after purchasing an additional 1,826 shares during the last quarter. Finally, Jacobi Capital Management LLC lifted its holdings in Target by 109.8% during the 3rd 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 during the last quarter. Institutional investors own 87.41% of the company’s stock.
Target Co. (NYSE TGT) opened at $74.97 on Friday. The firm has a market capitalization of $40,887.54 and a price-to-earnings ratio of 15.67. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. Target Co. has a fifty-two week low of $48.56 and a fifty-two week high of $78.70.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be issued a dividend of $0.62 per share. The ex-dividend date is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.31%. Target’s dividend payout ratio (DPR) is currently 51.88%.
In other news, insider Stephanie A. Lundquist sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total transaction of $234,240.00. Following the completion of the transaction, the insider now owns 16,906 shares of the company’s stock, valued at approximately $1,320,020.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Harrison sold 8,557 shares of the business’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 transaction, the insider now directly owns 13,288 shares of the company’s stock, valued at approximately $1,019,721.12. The disclosure for this sale can be found here. Insiders have sold a total of 16,262 shares of company stock valued at $1,185,484 in the last three months. 0.25% of the stock is owned by insiders.
Several research firms recently weighed in on TGT. Zacks Investment Research raised Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price target for the company in a report on Saturday, January 20th. MKM Partners set a $93.00 price target on Target and gave the stock a “buy” rating in a report on Friday, January 12th. Vetr cut Target from a “hold” rating to a “sell” rating and set a $70.45 price target for the company. in a report on Thursday, January 11th. Deutsche Bank raised Target from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $57.00 to $70.00 in a report on Wednesday, January 10th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $75.00 price target on shares of Target in a report on Thursday, January 11th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $66.78.
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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.
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