Regal Investment Advisors LLC grew its position in shares of Target Co. (NYSE:TGT) by 92.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 12,976 shares of the retailer’s stock after buying an additional 6,241 shares during the period. Regal Investment Advisors LLC’s holdings in Target were worth $1,145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. Harvest Fund Management Co. Ltd bought a new stake in shares of Target during the third quarter valued at approximately $104,000. Sun Life Financial INC increased its holdings in shares of Target by 739.5% during the second quarter. Sun Life Financial INC now owns 1,444 shares of the retailer’s stock valued at $110,000 after acquiring an additional 1,272 shares in the last quarter. CSat Investment Advisory L.P. bought a new stake in shares of Target during the second quarter valued at approximately $114,000. Duncker Streett & Co. Inc. increased its holdings in shares of Target by 1,435.0% during the second quarter. Duncker Streett & Co. Inc. now owns 1,535 shares of the retailer’s stock valued at $117,000 after acquiring an additional 1,435 shares in the last quarter. Finally, Squar Milner Financial Services LLC bought a new stake in shares of Target during the second quarter valued at approximately $129,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Shares of Target stock opened at $86.94 on Friday. Target Co. has a 12-month low of $54.04 and a 12-month high of $90.39. The firm has a market cap of $45.67 billion, a P/E ratio of 17.11, a P/E/G ratio of 2.40 and a beta of 0.73. The company has a quick ratio of 0.17, a current ratio of 0.82 and a debt-to-equity ratio of 1.09.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 22nd. The retailer reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. Target had a return on equity of 24.29% and a net margin of 4.19%. The business had revenue of $17.78 billion during the quarter, compared to the consensus estimate of $17.33 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. Target’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Target Co. will post 5.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be given a $0.64 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $2.56 annualized dividend and a yield of 2.94%. Target’s dividend payout ratio is currently 54.35%.

In other Target news, insider Stephanie A. Lundquist sold 2,100 shares of the business’s stock in a transaction on Tuesday, October 9th. The stock was sold at an average price of $86.00, for a total value of $180,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Janna A. Potts sold 15,172 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $88.00, for a total value of $1,335,136.00. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on TGT shares. Robert W. Baird boosted their price objective on Target from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 23rd. Wolfe Research downgraded Target from an “outperform” rating to a “market perform” rating in a report on Thursday, August 23rd. Guggenheim restated a “hold” rating on shares of Target in a report on Wednesday, August 22nd. Bank of America set a $90.00 price target on Target and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Finally, Citigroup upped their price target on Target from $76.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, August 27th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Target has a consensus rating of “Hold” and a consensus price target of $88.74.

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Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGT).

Institutional Ownership by Quarter for Target (NYSE:TGT)

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