FDx Advisors Inc. increased its holdings in shares of Target Co. (NYSE:TGT) by 34.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,921 shares of the retailer’s stock after purchasing an additional 26,270 shares during the quarter. FDx Advisors Inc.’s holdings in Target were worth $6,650,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Bank of New York Mellon Corp grew its position in Target by 9.4% in the 4th quarter. Bank of New York Mellon Corp now owns 10,654,835 shares of the retailer’s stock valued at $695,229,000 after acquiring an additional 916,178 shares in the last quarter. American Century Companies Inc. grew its position in Target by 15.7% in the 4th quarter. American Century Companies Inc. now owns 6,059,271 shares of the retailer’s stock valued at $395,367,000 after acquiring an additional 821,165 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Target by 16.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 4,914,194 shares of the retailer’s stock valued at $289,987,000 after acquiring an additional 687,900 shares in the last quarter. Legal & General Group Plc grew its position in Target by 3.5% in the 3rd quarter. Legal & General Group Plc now owns 3,594,505 shares of the retailer’s stock valued at $212,117,000 after acquiring an additional 120,278 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Target by 6.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,422,083 shares of the retailer’s stock valued at $223,291,000 after acquiring an additional 218,318 shares in the last quarter. 88.32% of the stock is owned by hedge funds and other institutional investors.
Shares of Target Co. (TGT) opened at $72.86 on Wednesday. The firm has a market capitalization of $41,148.45, a P/E ratio of 15.77, a P/E/G ratio of 3.57 and a beta of 0.76. Target Co. has a 52 week low of $48.56 and a 52 week high of $78.70. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96.
In related news, insider Stephanie A. Lundquist sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,262 shares of company stock valued at $1,185,484. 0.20% of the stock is owned by company insiders.
TGT has been the subject of several research reports. Vetr downgraded Target from a “strong-buy” rating to a “buy” rating and set a $64.00 target price for the company. in a research report on Monday, November 20th. Deutsche Bank raised Target from a “neutral” rating to a “positive” rating and lifted their target price for the company from $57.00 to $70.00 in a research report on Wednesday, January 10th. Morgan Stanley dropped their target price on Target from $52.00 to $50.00 and set an “underweight” rating for the company in a research report on Thursday, November 16th. Barclays set a $45.00 target price on Target and gave the company a “sell” rating in a research report on Wednesday, November 15th. Finally, MKM Partners set a $77.00 target price on Target and gave the company a “buy” rating in a research report on Thursday, December 14th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $69.56.
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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 online.
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