Edge Capital Group LLC acquired a new position in shares of Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,383 shares of the retailer’s stock, valued at approximately $488,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. One Capital Management LLC lifted its stake in Target by 1.9% in the fourth quarter. One Capital Management LLC now owns 36,001 shares of the retailer’s stock valued at $2,379,000 after buying an additional 656 shares during the last quarter. Truewealth LLC lifted its stake in Target by 70.7% in the fourth quarter. Truewealth LLC now owns 881 shares of the retailer’s stock valued at $58,000 after buying an additional 365 shares during the last quarter. Swedbank lifted its stake in Target by 4.5% in the fourth quarter. Swedbank now owns 2,349,986 shares of the retailer’s stock valued at $152,655,000 after buying an additional 101,671 shares during the last quarter. North Star Investment Management Corp. lifted its stake in Target by 6.4% in the fourth quarter. North Star Investment Management Corp. now owns 75,646 shares of the retailer’s stock valued at $4,999,000 after buying an additional 4,566 shares during the last quarter. Finally, Kepos Capital LP lifted its stake in Target by 34.6% in the third quarter. Kepos Capital LP now owns 19,419 shares of the retailer’s stock valued at $1,713,000 after buying an additional 4,995 shares during the last quarter. Hedge funds and other institutional investors own 81.87% of the company’s stock.

A number of research firms have issued reports on TGT. Evercore ISI began coverage on Target in a research note on Wednesday. They issued an “in-line” rating and a $80.00 target price on the stock. Deutsche Bank raised their target price on Target from $80.00 to $84.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Citigroup reissued a “neutral” rating and set a $78.00 price target on shares of Target in a report on Tuesday, February 26th. Tigress Financial reissued a “buy” rating on shares of Target in a report on Thursday, January 17th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $86.00 price target (down from $100.00) on shares of Target in a report on Monday, January 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $86.92.

In related news, insider Cathy R. Smith sold 30,000 shares of Target stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $74.00, for a total transaction of $2,220,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by insiders.

NYSE:TGT opened at $77.54 on Thursday. The stock has a market cap of $40.21 billion, a P/E ratio of 14.39, a PEG ratio of 2.14 and a beta of 0.66. Target Co. has a 52-week low of $60.15 and a 52-week high of $90.39. The company has a current ratio of 0.83, a quick ratio of 0.20 and a debt-to-equity ratio of 1.08.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 5th. The retailer reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.01. The firm had revenue of $22.98 billion for the quarter, compared to analyst estimates of $23.05 billion. Target had a return on equity of 25.74% and a net margin of 3.90%. Target’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 earnings per share. Sell-side analysts anticipate that Target Co. will post 5.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is currently 47.50%.

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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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Institutional Ownership by Quarter for Target (NYSE:TGT)

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