Clifford Swan Investment Counsel LLC Lowers Position in Target Co. (NYSE:TGT)

Target Corp

At this time a year ago, Target's comparable sales were down 1.5% for the quarter, the third consistent quarterly loss for the mass merchant. Security Asset Management purchased a new stake in shares of Target in the fourth quarter worth about $115,000. Regentatlantic Capital LLC lifted its stake in Target by 1.5% in the fourth quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Target by 5.1% in the 3rd quarter. American Trust Investment Advisors LLC lifted its stake in Target by 5.3% in the fourth quarter. Pacer Advisors Inc. now owns 37,779 shares of the retailer's stock worth $2,229,000 after purchasing an additional 2,422 shares in the last quarter. It also increased its holding in Generac Holdings Inc (NYSE:GNRC) by 16,314 shares in the quarter, for a total of 335,446 shares, and has risen its stake in At & T Inc Com (NYSE:T).

Target Co. has a twelve month low of $48.56 and a twelve month high of $78.70. The stock decreased 0.01% or $0.01 during the last trading session, reaching $75.14. The institutional investor held 302,330 shares of the semiconductors company at the end of 2017Q3, valued at $7.17M, down from 669,349 at the end of the previous reported quarter. London Co Of Virginia bought 1.19 million shares as the company's stock declined 14.90% while stock markets rallied.

More notable recent Target Corporation (NYSE:TGT) news were published by: Investorplace.com which released: "Target Corporation Stock Is Due for a Massive Leap in 2018" on March 06, 2018, also Fool.com with their article: "Target Corporation (TGT) Q4 2017 Earnings Conference Call Transcript" published on March 07, 2018, Seekingalpha.com published: "Target: What I See Coming Next" on March 05, 2018. Target had a net margin of 3.80% and a return on equity of 24.09%. The company had revenue of $22.77 billion during the quarter, compared to analysts' expectations of $22.56 billion.

Excluding special items, the company announced adjusted income from continuing operation of $ 0.75 billion or $ 1.37 per share. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. equities research analysts forecast that Target will post 4.72 earnings per share for the current fiscal year. Shareholders of record on Wednesday, February 21st will be paid a $0.62 dividend.

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In the pre-market trade, TGT is trading at $72.50 down $2.65 or 3.53 percent. The ex-dividend date of this dividend is Tuesday, February 20th. Target's payout ratio is presently 52.10%.

In related news, insider Robert M. Harrison sold 8,557 shares of Target stock in a transaction dated Thursday, January 18th. The Envelope segment offers direct mail products and transactional envelopes for billing and remittance used in financial institutions, insurance companies, and telecommunications companies; and specialty and stock envelopes for the office product markets and office product superstores sold through wholesalers, distributors, and national catalogs. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Stephanie A. Lundquist sold 3,000 shares of the business's stock in a transaction on Tuesday, January 23rd.

The discounter's moves, announced at its annual investor meeting in Minneapolis, where the company is based, come as its ambitious plan to make itself over is driving more people to its stores and its website. The disclosure for this sale can be found here. Following the completion of the transaction, the insider now owns 13,288 shares in the company, valued at $1,019,721.12. The stock volatility for week was 2.96% while for month was 3.24%.Beta factor, which measures the riskiness of the security, was observed as 0.67. The stock of Target Corporation (NYSE:TGT) earned "Buy" rating by Miller Tabak on Friday, July 29. Morgan Stanley reduced their target price on shares of Target from $52.00 to $50.00 and set an "underweight" rating on the stock in a report on Thursday, November 16th. Finally, Credit Suisse Group initiated coverage on Target in a research report on Monday.

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