WINTON GROUP Ltd cut its holdings in Target Co. (NYSE:TGT) by 93.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,699 shares of the retailer’s stock after selling 159,294 shares during the period. WINTON GROUP Ltd’s holdings in Target were worth $690,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of TGT. Parallel Advisors LLC increased its position in shares of Target by 23.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer’s stock valued at $117,000 after purchasing an additional 399 shares during the last quarter. Jacobi Capital Management LLC lifted 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 worth $141,000 after buying an additional 1,310 shares during the period. Kistler tiffany & co shop Companies LLC lifted its holdings in shares of Target by 19.1% in the 2nd quarter. Kistler tiffany & co shop Companies LLC now owns 2,775 shares of the retailer’s stock worth $145,000 after buying an additional 445 shares during the period. Sandy Spring Bank lifted its holdings in shares of Target by 6.7% in the 2nd quarter. Sandy Spring Bank now owns 2,959 shares of the retailer’s stock worth $155,000 after buying an additional 185 shares during the period. Finally, Rowland & Co. Investment Counsel ADV lifted its stake in shares of Target by 4.7% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer’s stock worth $155,000 after purchasing an additional 132 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of Target Co. (NYSE:TGT) traded up $0.67 during trading on Friday, hitting $62.61. The company’s stock had a trading volume of 9,151,556 shares, compared to its average volume of 7,633,927. Target Co. has a one year low of $48.56 and a one year high of $78.37. The stock has a market cap of $33,668.89, a price-to-earnings ratio of 12.90, a PEG ratio of 7.72 and a beta of 0.64. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01.
Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The company had revenue of $16.67 billion for the quarter, compared to analyst estimates of $16.61 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. analysts forecast that Target Co. will post 4.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.62 per share. The ex-dividend date was Tuesday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.96%. Target’s dividend payout ratio is presently 51.88%.
A number of equities research analysts recently weighed in on TGT shares. Vetr cut Target from a “strong-buy” rating to a “buy” rating and set a $64.00 price objective for the company. in a research note on Monday, November 20th. Zacks Investment Research lowered Target from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Morgan Stanley cut their price objective on Target from $52.00 to $50.00 and set an “underweight” rating on the stock in a report on Thursday, November 16th. Barclays set a $45.00 target price on Target and gave the stock a “sell” rating in a report on Wednesday, November 15th. Finally, Wells Fargo & Company initiated coverage on Target in a report on Friday, November 3rd. They issued a “market perform” rating and a $62.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $62.42.
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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 tiffany & co shop online.
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