D.A. Davidson & CO. Has $18.62 Million Stake in Target Co. (NYSE:TGT)

D.A. Davidson & CO. grew its holdings in Target Co. (NYSE:TGT - Free Report) by 8.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 119,458 shares of the retailer's stock after purchasing an additional 9,510 shares during the quarter. D.A. Davidson & CO.'s holdings in Target were worth $18,619,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TGT. FMR LLC raised its stake in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer's stock worth $1,555,542,000 after acquiring an additional 1,046,044 shares during the last quarter. Legal & General Group Plc boosted its stake in Target by 6.8% in the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer's stock valued at $647,652,000 after acquiring an additional 279,656 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Target by 11.4% during the 2nd quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer's stock worth $639,050,000 after acquiring an additional 440,307 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Target by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,114,400 shares of the retailer's stock valued at $461,031,000 after acquiring an additional 435,229 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Target by 9.7% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,094,644 shares of the retailer's stock valued at $458,131,000 after purchasing an additional 272,521 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

NYSE:TGT traded down $3.98 during mid-day trading on Tuesday, reaching $126.55. The stock had a trading volume of 9,814,282 shares, compared to its average volume of 4,411,858. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The stock has a market capitalization of $58.30 billion, a PE ratio of 13.84, a P/E/G ratio of 2.05 and a beta of 1.24. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a 50-day simple moving average of $150.82 and a two-hundred day simple moving average of $149.31.

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

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.54%. Target's payout ratio is presently 47.51%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TGT shares. Bank of America decreased their price objective on shares of Target from $195.00 to $160.00 and set a "buy" rating for the company in a report on Thursday, November 21st. Citigroup downgraded Target from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $188.00 to $130.00 in a report on Wednesday, November 20th. Oppenheimer restated an "outperform" rating and issued a $165.00 target price on shares of Target in a research note on Monday. BMO Capital Markets lowered their price objective on shares of Target from $160.00 to $120.00 and set a "market perform" rating on the stock in a report on Thursday, November 21st. Finally, StockNews.com cut shares of Target from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Target currently has an average rating of "Hold" and a consensus price target of $160.30.

Insider Activity

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the sale, the chief accounting officer now directly owns 7,276 shares of the company's stock, valued at $1,114,173.88. The trade was a 12.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard H. Gomez sold 6,348 shares of the business's stock in a transaction 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 sale, the insider now directly owns 123,551 shares in the company, valued at approximately $19,418,510.67. This represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

Target 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.