Lucas Capital Management sold 26,240 shares as the company's stock declined 5.27% while stock markets rallied. Capital Investment Counsel Inc's holdings in Target were worth $2,457,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Security Asset Management purchased a new stake in shares of Target in the fourth quarter worth $115,000. American Century Companies Inc. lifted its stake in Target by 45.1% in the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer's stock worth $105,000 after acquiring an additional 1,000 shares during the last quarter. Skandinaviska Enskilda Banken AB publ now owns 4,914,194 shares of the retailer's stock worth $289,987,000 after purchasing an additional 687,900 shares during the last quarter. Capital Investment Advisory Services LLC grew its position in Target by 9.9% in the fourth quarter. Bank of New York Mellon Corp now owns 10,654,835 shares of the retailer's stock worth $695,229,000 after buying an additional 916,178 shares during the last quarter. The stock of Target Corporation (NYSE:TGT) has "Positive" rating given on Wednesday, January 10 by Susquehanna. The stock was sold at an average price of $62.61, for a total value of $294,580.05. Foundry Partners Llc sold 367,019 shares as the company's stock rose 13.29% with the market. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
In other news, insider Robert M. Harrison sold 8,557 shares of the business's stock in a transaction that occurred on Thursday, January 18th. The disclosure for this sale can be found here. Also, insider Stephanie A. Lundquist sold 3,000 shares of Target stock in a transaction dated Tuesday, January 23rd.
A number of research analysts recently commented on TGT shares. Stifel Nicolaus maintained Target Corporation (NYSE:TGT) on Thursday, November 16 with "Hold" rating. More interesting news about Target Corporation (NYSE:TGT) were released by: Seekingalpha.com and their article: "This Dividend Aristocrat Remains Attractively Priced After Releasing 2018 Guidance" published on March 06, 2018 as well as Fool.com's news article titled: "Why Target Corporation Stock Dropped Today" with publication date: March 06, 2018. Gordon Haskett upgraded Target Corporation (NYSE:TGT) rating on Wednesday, August 16. Finally, Credit Suisse Group initiated coverage on Target in a research report on Monday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Barclays Capital has "Hold" rating and $70.0 target.
Target is increasing the minimum hourly pay to $12 starting this spring, the second increase in a matter of months, while accelerating its reinvention plan to make the discounter more competitive in the age of Amazon. The stock decreased 4.23% or $3.178 during the last trading session, reaching $71.962. Target Co. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. Target Co. The firm has a market capitalization of $40,260.00, a P/E ratio of 15.14, a P/E/G ratio of 3.55 and a beta of 0.71.
(TGT) on Tuesday reported a 35 percent increase in profit for the fourth quarter of 2017 from a year ago.
On a GAAP basis, TGT reported net income of $ 1.10 billion or $ 2.02 per share, compared with income of $ 0.82 billion or $ 1.45 per share, a year ago period.
Digital sales climbed 29% in the fourth quarter to add 1.8 percentage points to Target's same-store sales growth, and 2017 marked the fourth consecutive year hat the company registered online sales growth in excess of 25%.
Analysts polled by Thomson Reuters expected Target Corp.to reveal income of $ 1.38 per share on revenue of $ 22.53 billion for the fourth quarter.
The business also recently announced a quarterly dividend, which will be paid on Saturday, March 10th.