Teacher Retirement System of Texas grew its holdings in Target Co. (NYSE:TGT) by 116.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 605,923 shares of the retailer’s stock after acquiring an additional 326,458 shares during the quarter. Teacher Retirement System of Texas’ holdings in Target were worth $39,536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Heritage Trust Co increased its holdings in shares of Target by 129.7% in the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after acquiring an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC increased its holdings in shares of Target by 2,200.0% in the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after acquiring an additional 1,826 shares during the last quarter. Security Asset Management purchased a new position in shares of Target in the 4th quarter valued at about $115,000. First Mercantile Trust Co. purchased a new position in shares of Target in the 4th quarter valued at about $124,000. Finally, Jacobi Capital Management LLC increased its holdings in shares of Target by 109.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock valued at $141,000 after acquiring an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

In other news, Director Roxanne S. Austin sold 4,705 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephanie A. Lundquist sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,262 shares of company stock valued at $1,185,484. Company insiders own 0.25% of the company’s stock.

A number of research analysts have recently commented on TGT shares. Vetr downgraded Target from a “strong-buy” rating to a “buy” rating and set a $64.00 price objective on the stock. in a report on Monday, November 20th. Deutsche Bank upgraded Target from a “neutral” rating to a “positive” rating and increased their price objective for the company from $57.00 to $70.00 in a report on Wednesday, January 10th. Zacks Investment Research cut Target from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Morgan Stanley decreased their target price on Target from $52.00 to $50.00 and set an “underweight” rating for the company in a research report on Thursday, November 16th. Finally, Barclays set a $45.00 target price on Target and gave the company a “sell” rating in a research report on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $67.64.

Target Co. (NYSE TGT) opened at $72.45 on Friday. The stock has a market capitalization of $39,381.86, a P/E ratio of 15.09, a PEG ratio of 3.42 and a beta of 0.76. Target Co. has a one year low of $48.56 and a one year high of $78.70. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $16.67 billion during 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 company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 EPS. research analysts anticipate that Target Co. will post 4.72 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Tuesday, February 20th. Target’s dividend payout ratio (DPR) is 51.88%.

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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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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