Published: Thu, February 22, 2018
Business | By Tara Barton

Northeast Investment Management Purchases New Position in Target Co. (TGT)


London Co Of Virginia who had been investing in Target Corp for a number of months, seems to be bullish on the $40.18 billion market cap company.

Analysts expect Target Corporation (NYSE:TGT) to report $1.19 EPS on February, 27.They anticipate $0.26 EPS change or 17.93 % from last quarter's $1.45 EPS. Jacobi Capital Management LLC now owns 2,503 shares of the retailer's stock valued at $141,000 after buying an additional 1,310 shares in the last quarter.

Other large investors also recently bought and sold shares of the company.

Gam Holding Ag decreased Target Corp (TGT) stake by 94.3% reported in 2017Q3 SEC filing. Dodge & Cox now owns 20,025,223 shares of the retailer's stock valued at $1,047,119,000 after buying an additional 9,102,526 shares in the last quarter.

London Co Of Virginia increased its stake in Target Corp (TGT) by 38.07% based on its latest 2017Q3 regulatory filing with the SEC. Raymond James Trust N.A.'s holdings in Target were worth $6,815,000 at the end of the most recent quarter. The Hedeker Wealth Management Group Llc holds 14,184 shares with $1.98 million value, up from 10,641 last quarter. Miller Howard Investments Inc. American Century Companies Inc. raised its stake in Target by 45.1% during the third quarter. Finally, Jacobi Capital Management LLC lifted its stake in Target by 109.8% during the 3rd quarter. The institutional investor held 4.30M shares of the department and specialty retail stores company at the end of 2017Q3, valued at $253.87 million, up from 3.12M at the end of the previous reported quarter. Moreover, Inverness Counsel Llc Ny has 5.54% invested in the company for 858,225 shares. The stock of Target Corporation (NYSE:TGT) has "Hold" rating given on Thursday, November 16 by Stifel Nicolaus. As per Tuesday, September 8, the company rating was upgraded by Vetr. Robert W. Baird raised shares of Target from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $75.00 to $85.00 in a research report on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. The stock of Target Corporation (NYSE:TGT) has "Neutral" rating given on Friday, May 20 by Goldman Sachs. Also, Director Roxanne S. Austin sold 4,705 shares of the business's stock in a transaction dated Friday, December 15th. It has price to book ratio of 3.56, which gauges the market price of a share over its book value. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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In related news, insider Stephanie A. Lundquist sold 3,000 shares of the business's stock in a transaction dated Tuesday, January 23rd. The stock price of TGT is moving down from its 20 days moving average with -2.53% and isolated positively from 50 days moving average with 3.93%. The disclosure for this sale can be found here. Sandy Spring Savings Bank owns 1,609 shares for 0% of their portfolio.

The stock increased 1.07% or $0.06 during the last trading session, reaching $5.65. Target Co. has a fifty-two week low of $48.56 and a fifty-two week high of $78.70. (NYSE TGT) traded up $0.90 during trading on Wednesday, hitting $73.76. The company's market cap is $39.78 Billion, and the average volume is $7.3 Million. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. It is down 0.00% since February 21, 2017 and is. This represents a $2.48 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, February 20th. Target's dividend payout ratio is 52.10%.

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Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels.

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