Buckley Wealth Management LLC purchased a new position in shares of Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,416 shares of the retailer’s stock, valued at approximately $745,000.

Several other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in shares of Target by 7.5% during the third quarter. Bank of New York Mellon Corp now owns 9,738,657 shares of the retailer’s stock worth $574,680,000 after acquiring an additional 682,253 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Target by 15.7% during the fourth quarter. American Century Companies Inc. now owns 6,059,271 shares of the retailer’s stock worth $395,367,000 after acquiring an additional 821,165 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Target by 16.3% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 4,914,194 shares of the retailer’s stock worth $289,987,000 after acquiring an additional 687,900 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Target by 3.5% during the third quarter. Legal & General Group Plc now owns 3,594,505 shares of the retailer’s stock worth $212,117,000 after acquiring an additional 120,278 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Target by 6.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,422,083 shares of the retailer’s stock worth $223,291,000 after buying an additional 218,318 shares during the period. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Roxanne S. Austin sold 4,705 shares of Target stock in a transaction on Friday, December 15th. The shares were sold at an average price of $62.61, for a total value of $294,580.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Stephanie A. Lundquist sold 3,000 shares of Target stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total transaction of $234,240.00. Following the completion of the sale, the insider now owns 16,906 shares in the company, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,262 shares of company stock worth $1,185,484. 0.25% of the stock is currently owned by company insiders.

Several research analysts recently commented on the stock. Vetr raised shares of Target from a “sell” rating to a “hold” rating and set a $72.52 target price on the stock in a research note on Monday, February 5th. Cowen set a $80.00 target price on shares of Target and gave the stock a “hold” rating in a research note on Thursday. Stifel Nicolaus set a $60.00 target price on shares of Target and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Robert W. Baird reaffirmed a “hold” rating and issued a $70.00 target price on shares of Target in a research note on Wednesday, January 3rd. Finally, Barclays raised shares of Target from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $45.00 to $70.00 in a research note on Friday, January 5th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.64.

Shares of Target Co. (TGT) opened at $72.45 on Monday. The firm has a market cap of $39,380.00, a price-to-earnings ratio of 15.22, a P/E/G ratio of 3.42 and a beta of 0.75. Target Co. has a fifty-two week low of $48.56 and a fifty-two week high of $78.70. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. Target had a net margin of 3.80% and a return on equity of 24.09%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 earnings per share. equities analysts expect that Target Co. will post 4.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s dividend payout ratio (DPR) is currently 52.10%.

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About Target

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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