Signaturefd LLC Purchases 2,606 Shares of Target Co. (NYSE:TGT)

Signaturefd LLC grew its position in shares of Target Co. (NYSE:TGT) by 30.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,276 shares of the retailer’s stock after acquiring an additional 2,606 shares during the quarter. Signaturefd LLC’s holdings in Target were worth $1,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TGT. Moneta Group Investment Advisors LLC increased its holdings in shares of Target by 95,980.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 18,537,742 shares of the retailer’s stock valued at $2,762,865,000 after acquiring an additional 18,518,448 shares in the last quarter. Norges Bank bought a new stake in shares of Target during the fourth quarter valued at approximately $725,870,000. International Assets Investment Management LLC increased its holdings in shares of Target by 15,009.5% during the fourth quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock valued at $250,244,000 after acquiring an additional 1,745,459 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Target by 37,301.2% during the third quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock worth $187,832,000 after buying an additional 1,694,222 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Target by 252.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,166,161 shares of the retailer’s stock worth $358,782,000 after buying an additional 1,551,551 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TGT. Evercore ISI decreased their price target on Target from $183.00 to $180.00 and set an “in-line” rating for the company in a report on Tuesday, April 16th. Tigress Financial upped their price target on Target from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Guggenheim upped their price target on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Citigroup upped their price target on Target from $142.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. upped their price target on Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Eleven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Target Stock Up 1.0 %

Shares of NYSE TGT opened at $168.30 on Monday. Target Co. has a one year low of $102.93 and a one year high of $181.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. The business’s fifty day moving average price is $163.68 and its 200-day moving average price is $141.43. The stock has a market capitalization of $77.70 billion, a PE ratio of 18.85, a P/E/G ratio of 1.58 and a beta of 1.14.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. The business had revenue of $31.47 billion for the quarter, compared to analysts’ expectations of $31.83 billion. Target had a return on equity of 33.41% and a net margin of 3.85%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 EPS. On average, equities research analysts anticipate that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.61%. Target’s dividend payout ratio (DPR) is 49.27%.

Insider Buying and Selling

In related news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the sale, the insider now owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Target news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the transaction, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,600 shares of company stock valued at $8,819,598. Corporate insiders own 0.23% of the company’s stock.

About Target

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.