D.A. Davidson & CO. Grows Stake in Target Co. (TGT)

D.A. Davidson & CO. grew its holdings in shares of Target Co. (NYSE:TGT) by 28.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,112 shares of the retailer’s stock after purchasing an additional 21,934 shares during the quarter. D.A. Davidson & CO.’s holdings in Target were worth $8,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bath Savings Trust Co purchased a new stake in shares of Target during the 3rd quarter valued at about $229,000. Highstreet Asset Management Inc. increased its position in shares of Target by 2.6% during the 2nd quarter. Highstreet Asset Management Inc. now owns 38,835 shares of the retailer’s stock valued at $2,956,000 after purchasing an additional 980 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of Target by 7.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 58,289 shares of the retailer’s stock valued at $5,142,000 after purchasing an additional 4,011 shares during the last quarter. Uncommon Cents Investing LLC increased its position in shares of Target by 2.2% during the 2nd quarter. Uncommon Cents Investing LLC now owns 31,623 shares of the retailer’s stock valued at $2,407,000 after purchasing an additional 685 shares during the last quarter. Finally, D L Carlson Investment Group Inc. increased its position in shares of Target by 21.2% during the 2nd quarter. D L Carlson Investment Group Inc. now owns 61,919 shares of the retailer’s stock valued at $4,713,000 after purchasing an additional 10,835 shares during the last quarter. 83.13% of the stock is owned by hedge funds and other institutional investors.

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

TGT stock opened at $67.35 on Monday. Target Co. has a 1-year low of $55.25 and a 1-year high of $90.39. The company has a quick ratio of 0.17, a current ratio of 0.83 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $35.45 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, November 20th. The retailer reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.02). Target had a return on equity of 25.02% and a net margin of 4.31%. The business had revenue of $17.59 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts expect that Target Co. will post 5.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be paid a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $2.56 annualized dividend and a yield of 3.80%. Target’s payout ratio is 54.35%.

Several research firms have recently commented on TGT. Telsey Advisory Group raised shares of Target from a “market perform” rating to an “outperform” rating and upped their price target for the company from $80.00 to $100.00 in a research report on Thursday, August 23rd. Wolfe Research lowered shares of Target from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 23rd. Loop Capital set a $102.00 price target on shares of Target and gave the company a “hold” rating in a research report on Friday, August 17th. Citigroup upped their price target on shares of Target from $76.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday, August 27th. Finally, BMO Capital Markets started coverage on Target in a research note on Monday, September 17th. They set a “market perform” rating and a $88.00 price objective for the company. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $88.00.

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Target 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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