Jacobs & Co. CA Has $2.81 Million Stake in Target Co. (NYSE:TGT)

Jacobs & Co. CA grew its stake in Target Co. (NYSE:TGT) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,697 shares of the retailer’s stock after purchasing an additional 999 shares during the period. Jacobs & Co. CA’s holdings in Target were worth $2,805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Target by 3,577.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,471 shares of the retailer’s stock worth $312,000 after acquiring an additional 1,431 shares during the period. Zions Bancorporation N.A. lifted its holdings in shares of Target by 3.3% during the 1st quarter. Zions Bancorporation N.A. now owns 3,045 shares of the retailer’s stock worth $646,000 after acquiring an additional 96 shares during the period. Covestor Ltd lifted its holdings in shares of Target by 131.7% during the 1st quarter. Covestor Ltd now owns 702 shares of the retailer’s stock worth $149,000 after acquiring an additional 399 shares during the period. Merit Financial Group LLC bought a new position in shares of Target during the 1st quarter worth about $208,000. Finally, Ergoteles LLC lifted its holdings in shares of Target by 191.5% during the 1st quarter. Ergoteles LLC now owns 11,794 shares of the retailer’s stock worth $2,503,000 after acquiring an additional 7,748 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

NYSE TGT opened at $174.67 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average price is $153.23 and its two-hundred day moving average price is $134.36. Target Co. has a 1 year low of $102.93 and a 1 year high of $175.53. The firm has a market capitalization of $80.64 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.62 and a beta of 1.13.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The company had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. As a group, research analysts anticipate that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.52%. Target’s payout ratio is currently 49.27%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. lifted 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. Telsey Advisory Group lifted their price target on shares of Target from $160.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Guggenheim raised their price objective on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, HSBC upgraded shares of Target from a “hold” rating to a “buy” rating and raised their price objective for the company from $140.00 to $195.00 in a research report on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.73.

Insider Buying and Selling

In other Target news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the transaction, the insider now owns 38,487 shares in the company, valued at approximately $6,576,658.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the transaction, the insider now directly owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the sale, the insider now directly owns 38,487 shares in the company, valued at $6,576,658.56. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock worth $8,819,598 in the last ninety days. Company insiders own 0.23% 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.