Nabity Jensen Investment Management Inc Makes New Investment in Target Co. (NYSE:TGT)

Nabity Jensen Investment Management Inc bought a new position in Target Co. (NYSE:TGT) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,872 shares of the retailer’s stock, valued at approximately $292,000.

Other institutional investors have also modified their holdings of the company. State Street Corp increased its position in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Target by 9,940.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after buying an additional 1,981,458 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after buying an additional 1,502,200 shares during the last quarter. FMR LLC raised its position in shares of Target by 11.7% during the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Target by 711.2% in the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after acquiring an additional 768,479 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BMO Capital Markets cut their target price on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research report on Wednesday, November 20th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a research note on Monday, November 25th. Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, StockNews.com cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $160.30.

Target Stock Up 2.5 %

TGT stock opened at $132.39 on Monday. The company’s 50 day moving average is $146.39 and its two-hundred day moving average is $147.59. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market cap of $60.66 billion, a P/E ratio of 14.04, a PEG ratio of 2.17 and a beta of 1.18.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the prior year, the company earned $2.10 EPS. The business’s revenue was up .9% on a year-over-year basis. Research analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 3.38%. Target’s dividend payout ratio is presently 47.51%.

Insider Buying and Selling at Target

In other news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the transaction, the insider now directly owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This represents a 4.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.

Target Company Profile

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.