Afam Capital Inc. reduced its stake in Target Co. (NYSE:TGT) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,417 shares of the retailer’s stock after selling 2,446 shares during the period. Afam Capital Inc.’s holdings in Target were worth $4,155,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Carnick & Kubik Group LLC acquired a new position in shares of Target in the 3rd quarter worth approximately $554,000. CAPROCK Group Inc. acquired a new position in shares of Target in the 3rd quarter worth approximately $832,000. Boston Private Wealth LLC boosted its holdings in shares of Target by 4.5% in the 2nd quarter. Boston Private Wealth LLC now owns 53,455 shares of the retailer’s stock worth $2,795,000 after acquiring an additional 2,285 shares in the last quarter. Conning Inc. boosted its holdings in shares of Target by 2.1% in the 2nd quarter. Conning Inc. now owns 522,523 shares of the retailer’s stock worth $27,323,000 after acquiring an additional 10,966 shares in the last quarter. Finally, SignalPoint Asset Management LLC acquired a new position in shares of Target in the 3rd quarter worth approximately $258,000. Institutional investors own 87.75% of the company’s stock.
Target Co. (TGT) traded up $0.39 during trading hours on Tuesday, reaching $61.76. The company’s stock had a trading volume of 4,315,200 shares, compared to its average volume of 7,389,186. Target Co. has a 12-month low of $48.56 and a 12-month high of $78.37. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. The firm has a market cap of $33,350.90, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 7.58 and a beta of 0.64.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Tuesday, November 14th. Target’s dividend payout ratio is 51.88%.
TGT has been the topic of several recent analyst reports. Moffett Nathanson initiated coverage on Target in a report on Monday, December 4th. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded Target from a “buy” rating to a “hold” rating in a report on Monday, August 21st. BMO Capital Markets reissued a “market weight” rating on shares of Target in a report on Thursday, September 14th. Jefferies Group reissued a “hold” rating on shares of Target in a report on Friday, August 25th. 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 target price on the stock. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company. Target currently has a consensus rating of “Hold” and a consensus target price of $63.25.
In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by corporate insiders.
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Target Company Profile
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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