The firm owned 1,967,529 shares of the retailer's stock after selling 61,745 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.11% of Target worth $40,336,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in TGT. Hamlin Capital Management LLC acquired a new position in Target in the 4th quarter valued at about $60,860,000.
At this time past year, Target's comparable sales were down 1.5% for the quarter, the third consistent quarterly loss for the mass merchant. Security Asset Management purchased a new stake in shares of Target in the fourth quarter worth $115,000. Finally, Jacobi Capital Management LLC boosted its position in shares of Target by 109.8% in the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer's stock worth $105,000 after buying an additional 1,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Target by 49.7% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 132,178 shares of the retailer's stock worth $7,800,000 after purchasing an additional 6,470 shares in the last quarter. Target has a 12 month low of $48.56 and a 12 month high of $78.70. The stock decreased 3.24% or $2.43 during the last trading session, reaching $72.71. The stock had a trading volume of 5,550,297 shares, compared to its average volume of 7,447,979. The firm has a market cap of $38,790.00, a price-to-earnings ratio of 14.99, a PEG ratio of 3.54 and a beta of 0.71. The company has managed to keep price to sales ratio of 0.59.
Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 6th. The retailer reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.01). The company provided earnings per share (EPS) guidance of $1.25-1.45 for the period, compared to the Thomson Reuters consensus estimate of $1.40.
Excluding special items, the company announced adjusted income from continuing operation of $ 0.75 billion or $ 1.37 per share. The business had revenue of $22.77 billion during the quarter, compared to analysts' expectations of $22.56 billion.
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. This represents a $2.48 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Tuesday, February 20th. Target's payout ratio is 51.88%. Also, Director Roxanne S. Austin sold 4,705 shares of the company's stock in a transaction dated Friday, December 15th. The Envelope segment offers direct mail products and transactional envelopes for billing and remittance used in financial institutions, insurance companies, and telecommunications companies; and specialty and stock envelopes for the office product markets and office product superstores sold through wholesalers, distributors, and national catalogs. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The stock of Target Corporation (NYSE:TGT) earned "Hold" rating by Cowen & Co on Thursday, September 28. The shares were sold at an average price of $62.61, for a total value of $294,580.05. Following the completion of the sale, the insider now owns 16,906 shares of the company's stock, valued at approximately $1,320,020.48. The disclosure for this sale can be found here.
The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 17.82%, and has a solid year to date (YTD) performance of 10.02% which means that the stock is constantly adding to its value from the previous fiscal year end price. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.
For the current quarter, 21 analysts are projecting a mean EPS of $1.39/share. Gordon Haskett upgraded Target Corporation (NYSE:TGT) rating on Wednesday, August 16. More interesting news about Target Corporation (NYSE:TGT) were released by: Seekingalpha.com and their article: "This Dividend Aristocrat Remains Attractively Priced After Releasing 2018 Guidance" published on March 06, 2018 as well as Fool.com's news article titled: "Why Target Corporation Stock Dropped Today" with publication date: March 06, 2018.
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