Target Corporation $TGT Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT reduced its position in Target Corporation (NYSE:TGTFree Report) by 39.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,965 shares of the retailer’s stock after selling 9,715 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Target were worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. WFA of San Diego LLC purchased a new position in shares of Target in the second quarter worth about $25,000. Heartwood Wealth Advisors LLC acquired a new stake in Target in the 3rd quarter valued at about $27,000. Tripletail Wealth Management LLC purchased a new position in Target in the 3rd quarter worth approximately $31,000. Key Financial Inc lifted its stake in Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares in the last quarter. Finally, VSM Wealth Advisory LLC boosted its holdings in shares of Target by 1,113.8% during the 2nd quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock worth $35,000 after purchasing an additional 323 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Sanford C. Bernstein lifted their price objective on Target from $80.00 to $91.00 and gave the stock an “underperform” rating in a research report on Thursday. BMO Capital Markets reduced their price target on Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a report on Thursday, November 20th. Robert W. Baird lowered their price target on shares of Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Evercore set a $105.00 price objective on shares of Target in a research report on Tuesday, February 17th. Finally, Bank of America reduced their target price on shares of Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a research note on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $105.93.

Read Our Latest Report on Target

Target Stock Down 1.4%

Shares of TGT opened at $114.77 on Friday. The stock has a market capitalization of $51.97 billion, a PE ratio of 13.93, a P/E/G ratio of 11.80 and a beta of 1.14. Target Corporation has a 1 year low of $83.44 and a 1 year high of $127.06. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The company’s 50-day simple moving average is $107.43 and its 200-day simple moving average is $97.76.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be given a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.0%. Target’s dividend payout ratio is currently 55.34%.

Key Stories Impacting Target

Here are the key news stories impacting Target this week:

About Target

(Free Report)

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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