Target Co. (TGT) Position Boosted by Dean Investment Associates LLC

Dean Investment Associates LLC lifted its stake in Target Co. (NYSE:TGT) by 1.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,369 shares of the retailer’s stock after purchasing an additional 290 shares during the quarter. Dean Investment Associates LLC’s holdings in Target were worth $1,956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in TGT. Vanguard Group Inc boosted its stake in shares of Target by 0.4% in the third quarter. Vanguard Group Inc now owns 38,331,487 shares of the retailer’s stock valued at $3,381,221,000 after purchasing an additional 151,096 shares during the period. BB&T Corp boosted its stake in shares of Target by 31.1% in the fourth quarter. BB&T Corp now owns 36,839 shares of the retailer’s stock valued at $2,435,000 after purchasing an additional 8,732 shares during the period. Clean Yield Group purchased a new position in shares of Target in the fourth quarter valued at approximately $44,000. Tributary Capital Management LLC purchased a new position in Target in the fourth quarter worth approximately $90,000. Finally, First National Bank of Omaha lifted its stake in Target by 2.9% in the fourth quarter. First National Bank of Omaha now owns 44,807 shares of the retailer’s stock worth $2,961,000 after acquiring an additional 1,273 shares during the last quarter. Institutional investors and hedge funds own 82.48% of the company’s stock.

Shares of Target stock opened at $79.40 on Friday. The firm has a market capitalization of $37.10 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.97 and a beta of 0.65. Target Co. has a 12 month low of $60.15 and a 12 month high of $90.39. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.20 and a current ratio of 0.83.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 22nd. The retailer reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.10. The business had revenue of $17.63 billion for the quarter, compared to analysts’ expectations of $17.49 billion. Target had a net margin of 3.90% and a return on equity of 25.74%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 EPS. As a group, equities research analysts expect that Target Co. will post 5.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.56 annualized dividend and a yield of 3.22%. Target’s dividend payout ratio is currently 47.50%.

In other Target news, insider Michael Edward Mcnamara sold 5,186 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $79.18, for a total value of $410,627.48. Following the transaction, the insider now directly owns 77,550 shares of the company’s stock, valued at approximately $6,140,409. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cathy R. Smith sold 30,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $74.00, for a total transaction of $2,220,000.00. The disclosure for this sale can be found here. Insiders sold a total of 36,977 shares of company stock worth $2,774,409 over the last three months. 0.19% of the stock is currently owned by corporate insiders.

TGT has been the subject of a number of recent research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $92.00 price target (up previously from $88.00) on shares of Target in a research note on Thursday, April 18th. Sanford C. Bernstein reiterated a “mkt perform” rating on shares of Target in a research note on Friday, May 3rd. BMO Capital Markets lifted their price target on shares of Target from $70.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 6th. Zacks Investment Research upgraded shares of Target from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Friday, March 8th. Finally, Evercore ISI initiated coverage on shares of Target in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $80.00 price target for the company. Twelve investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Target presently has an average rating of “Buy” and an average price target of $89.97.

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About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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