Jacobs & Co. CA Sells 109 Shares of Target Co. (NYSE:TGT)

Jacobs & Co. CA reduced its position in shares of Target Co. (NYSE:TGTFree Report) by 0.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 19,588 shares of the retailer’s stock after selling 109 shares during the quarter. Jacobs & Co. CA’s holdings in Target were worth $3,471,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Target by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 44,945,524 shares of the retailer’s stock worth $6,401,142,000 after acquiring an additional 417,818 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Target by 9.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,163,864 shares of the retailer’s stock valued at $1,447,538,000 after purchasing an additional 868,274 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Target by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 9,531,846 shares of the retailer’s stock worth $1,357,525,000 after purchasing an additional 137,180 shares during the last quarter. Norges Bank acquired a new stake in Target in the fourth quarter valued at $759,810,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Target by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,873,399 shares of the retailer’s stock worth $409,230,000 after purchasing an additional 125,489 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

NYSE TGT traded down $2.57 during trading on Tuesday, hitting $147.12. 785,754 shares of the company’s stock were exchanged, compared to its average volume of 3,881,086. The stock’s 50 day moving average price is $154.45 and its two-hundred day moving average price is $153.02. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97. The company has a market cap of $68.06 billion, a PE ratio of 16.59, a P/E/G ratio of 1.37 and a beta of 1.20.

Target (NYSE:TGTGet Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a return on equity of 31.91% and a net margin of 3.87%. The company had revenue of $24.14 billion for the quarter, compared to analyst estimates of $24.52 billion. During the same quarter in the prior year, the company earned $2.05 earnings per share. Target’s revenue for the quarter was down 3.2% compared to the same quarter last year. Research analysts expect that Target Co. will post 9.32 EPS for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be issued a dividend of $1.12 per share. This is an increase from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. This represents a $4.48 annualized dividend and a dividend yield of 3.05%. Target’s dividend payout ratio (DPR) is 49.38%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TGT shares. HSBC upgraded Target from a “hold” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $195.00 in a report on Wednesday, March 6th. Morgan Stanley cut their target price on shares of Target from $190.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, May 23rd. JPMorgan Chase & Co. increased their price target on shares of Target from $125.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Jefferies Financial Group boosted their price objective on Target from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, TheStreet raised Target from a “c+” rating to a “b-” rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.61.

Get Our Latest Stock Report on Target

Target Company Profile

(Free Report)

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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