Guggenheim Capital LLC raised its stake in shares of Target Co. (NYSE:TGT) by 17.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,199,846 shares of the retailer’s stock after purchasing an additional 176,868 shares during the period. Guggenheim Capital LLC’s holdings in Target were worth $78,292,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Heritage Trust Co grew its holdings in Target by 129.7% during the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock valued at $105,000 after purchasing an additional 1,000 shares during the period. SevenBridge Financial Group LLC grew its holdings in Target by 2,200.0% during the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after purchasing an additional 1,826 shares during the period. Security Asset Management bought a new stake in Target during the fourth quarter valued at about $115,000. First Mercantile Trust Co. bought a new stake in Target during the fourth quarter valued at about $124,000. Finally, Independence Bank of Kentucky bought a new stake in Target during the fourth quarter valued at about $147,000. 85.91% of the stock is owned by institutional investors and hedge funds.
Shares of Target Co. (NYSE:TGT) opened at $70.49 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.95 and a quick ratio of 0.27. The company has a market capitalization of $38,316.46, a PE ratio of 14.93, a P/E/G ratio of 3.14 and a beta of 0.71. Target Co. has a 52-week low of $48.56 and a 52-week high of $78.70.
The company also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Wednesday, February 21st were given a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.52%. Target’s dividend payout ratio is currently 46.36%.
Several analysts have issued reports on TGT shares. Telsey Advisory Group cut their price target on Target from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, November 16th. Stifel Nicolaus cut their price target on Target from $65.00 to $62.00 and set a “hold” rating for the company in a report on Thursday, November 16th. Morgan Stanley cut their price target on Target from $52.00 to $50.00 and set an “underweight” rating for the company in a report on Thursday, November 16th. Barclays set a $45.00 price target on Target and gave the company a “sell” rating in a report on Wednesday, November 15th. Finally, Vetr lowered Target from a “strong-buy” rating to a “buy” rating and set a $64.00 price target for the company. in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $73.97.
In related news, insider Robert M. Harrison sold 8,557 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $76.74, for a total value of $656,664.18. Following the sale, the insider now directly owns 13,288 shares in the company, valued at $1,019,721.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie A. Lundquist sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total value of $234,240.00. Following the completion of the sale, the insider now owns 16,906 shares in the company, valued at $1,320,020.48. The disclosure for this sale can be found here. Insiders sold 16,262 shares of company stock worth $1,185,484 over the last quarter. 0.25% of the stock is owned by company insiders.
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 online.
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