Target Co. (TGT) Holdings Boosted by WINTON GROUP Ltd

WINTON GROUP Ltd raised its stake in shares of Target Co. (NYSE:TGT) by 2,988.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,243 shares of the retailer’s stock after purchasing an additional 135,702 shares during the period. WINTON GROUP Ltd’s holdings in Target were worth $12,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. raised its position in shares of Target by 5.3% in the second quarter. BlackRock Inc. now owns 42,770,603 shares of the retailer’s stock valued at $3,255,697,000 after buying an additional 2,161,982 shares during the last quarter. LSV Asset Management raised its position in shares of Target by 1.2% in the second quarter. LSV Asset Management now owns 7,496,328 shares of the retailer’s stock valued at $570,620,000 after buying an additional 90,489 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Target by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,266,772 shares of the retailer’s stock valued at $324,768,000 after buying an additional 106,616 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Target by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,908,902 shares of the retailer’s stock valued at $297,546,000 after buying an additional 34,470 shares during the last quarter. Finally, Swedbank acquired a new stake in shares of Target in the third quarter valued at about $198,324,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

In other Target news, insider Janna A. Potts sold 15,172 shares of Target stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $88.00, for a total transaction of $1,335,136.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie A. Lundquist sold 2,100 shares of Target stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $86.00, for a total transaction of $180,600.00. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

TGT has been the subject of a number of recent research reports. Loop Capital set a $102.00 target price on shares of Target and gave the company a “hold” rating in a research report on Friday, August 17th. UBS Group increased their target price on shares of Target from $76.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, August 17th. Guggenheim reiterated a “hold” rating on shares of Target in a research report on Wednesday, August 22nd. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Tuesday, August 7th. Finally, Deutsche Bank set a $90.00 target price on shares of Target and gave the company a “hold” rating in a research report on Saturday, August 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Target currently has a consensus rating of “Hold” and a consensus price target of $88.74.

Target stock opened at $87.26 on Friday. Target Co. has a 12-month low of $54.04 and a 12-month high of $90.39. The stock has a market cap of $45.05 billion, a P/E ratio of 18.53, a PEG ratio of 2.36 and a beta of 0.73. The company has a quick ratio of 0.17, a current ratio of 0.82 and a debt-to-equity ratio of 1.09.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 22nd. The retailer reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. Target had a net margin of 4.19% and a return on equity of 24.29%. The firm had revenue of $17.78 billion during the quarter, compared to analysts’ expectations of $17.33 billion. During the same period last year, the business earned $1.23 earnings per share. Target’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Target Co. will post 5.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Tuesday, November 20th. Target’s dividend payout ratio is presently 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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