Savant Capital LLC Boosts Stake in Target Co. (TGT)

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Savant Capital LLC increased its position in Target Co. (NYSE:TGT) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,078 shares of the retailer’s stock after purchasing an additional 155 shares during the period. Savant Capital LLC’s holdings in Target were worth $270,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TGT. Vanguard Group Inc increased its position in Target by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 38,331,487 shares of the retailer’s stock worth $3,381,221,000 after purchasing an additional 151,096 shares during the period. AQR Capital Management LLC increased its position in Target by 114.5% during the 3rd quarter. AQR Capital Management LLC now owns 10,474,816 shares of the retailer’s stock worth $923,984,000 after purchasing an additional 5,590,395 shares during the period. Morgan Stanley increased its position in Target by 5.2% during the 3rd quarter. Morgan Stanley now owns 5,146,423 shares of the retailer’s stock worth $453,966,000 after purchasing an additional 255,903 shares during the period. JPMorgan Chase & Co. increased its position in Target by 17.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,570,262 shares of the retailer’s stock worth $403,145,000 after purchasing an additional 671,121 shares during the period. Finally, FMR LLC increased its position in Target by 11.0% during the 3rd quarter. FMR LLC now owns 4,462,508 shares of the retailer’s stock worth $393,637,000 after purchasing an additional 442,448 shares during the period. 86.72% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have issued reports on TGT shares. Credit Suisse Group upgraded Target to a “buy” rating and set a $94.00 target price on the stock in a research report on Tuesday, November 20th. Buckingham Research started coverage on Target in a research report on Thursday, November 15th. They set a “buy” rating and a $102.00 target price on the stock. Standpoint Research upgraded Target from a “hold” rating to a “buy” rating and set a $62.30 target price on the stock in a research report on Wednesday, December 26th. Tigress Financial reiterated a “buy” rating on shares of Target in a research report on Thursday, January 17th. Finally, Deutsche Bank set a $82.00 target price on Target and gave the stock a “hold” rating in a research report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $86.92.

TGT opened at $70.15 on Tuesday. The company has a market capitalization of $36.99 billion, a P/E ratio of 14.89, a PEG ratio of 2.12 and a beta of 0.72. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.13 and a current ratio of 0.83. Target Co. has a 1-year low of $60.15 and a 1-year high of $90.39.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, November 20th. The retailer reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.02). The firm had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.81 billion. Target had a return on equity of 25.02% and a net margin of 4.31%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. As a group, equities research analysts forecast that Target Co. will post 5.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 10th. Investors of record on Wednesday, February 20th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Tuesday, February 19th. Target’s dividend payout ratio is currently 54.35%.

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Target Company 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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