Founders Financial Securities LLC raised its stake in Target Co. (NYSE:TGT – Free Report) by 118.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,469 shares of the retailer’s stock after acquiring an additional 5,127 shares during the quarter. Founders Financial Securities LLC’s holdings in Target were worth $1,678,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Target during the fourth quarter worth about $759,810,000. International Assets Investment Management LLC grew its stake in Target by 15,009.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock valued at $250,244,000 after buying an additional 1,745,459 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Target by 51,357.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,220,576 shares of the retailer’s stock valued at $173,834,000 after acquiring an additional 1,218,204 shares during the period. Clearbridge Investments LLC raised its holdings in Target by 58.0% during the 4th quarter. Clearbridge Investments LLC now owns 2,683,228 shares of the retailer’s stock valued at $382,145,000 after acquiring an additional 984,464 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Target by 9.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,163,864 shares of the retailer’s stock worth $1,447,538,000 after acquiring an additional 868,274 shares during the period. 79.73% of the stock is owned by institutional investors.
Target Trading Up 0.9 %
Shares of NYSE TGT traded up $1.32 during midday trading on Friday, reaching $148.04. The company had a trading volume of 12,772,526 shares, compared to its average volume of 3,818,235. The firm’s fifty day moving average price is $152.97 and its 200-day moving average price is $153.22. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. Target Co. has a one year low of $102.93 and a one year high of $181.86. The stock has a market cap of $68.49 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20.
Target Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a $1.12 dividend. This is a boost from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.03%. Target’s payout ratio is presently 49.38%.
Analyst Ratings Changes
A number of analysts recently issued reports on TGT shares. BNP Paribas initiated coverage on Target in a research note on Monday, June 3rd. They set an “underperform” rating and a $116.00 price objective on the stock. TheStreet upgraded shares of Target from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Roth Mkm reaffirmed a “neutral” rating and set a $153.00 target price on shares of Target in a report on Thursday, May 23rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 target price on shares of Target in a research note on Wednesday, May 22nd. Finally, Guggenheim boosted their price target on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.61.
View Our Latest Research Report on TGT
Target Company Profile
Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.
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