Investors Purchase Large Volume of Target Put Options (TGT)

Ivan Schwartz
June 7, 2017

Honeywell International Inc. owned approximately 0.12% of Target worth $36,707,000 as of its most recent SEC filing. Renaissance Technologies LLC purchased a new stake in shares of Target during the fourth quarter worth about $129,277,000. Flippin Bruce & Porter Inc. now owns 96,094 shares of the retailer's stock worth $6,600,000 after buying an additional 21,420 shares during the last quarter. First National Bank Sioux Falls raised its position in shares of Target by 18.5% in the third quarter. Laurel Wealth Advisors Inc. now owns 5,943 shares of the retailer's stock valued at $327,000 after buying an additional 2,393 shares during the period. Reilly Financial Advisors LLC increased its position in shares of Target by 77.6% in the first quarter. The fund owned 665,100 shares of the retailer's stock after buying an additional 205,700 shares during the period. Ballentine Partners LLC increased its stake in shares of Target by 2.0% in the first quarter. Finally, Peoples Financial Services CORP. increased its position in shares of Target by 116.7% in the first quarter. Ballentine Partners LLC now owns 5,597 shares of the retailer's stock valued at $309,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 88.53% of the company's stock. 648,166 shares of the company were exchanged. Target Corporation (NYSE:TGT)'s price sits -0.81% off from its 50-day moving average of $55.58 and -16.03% away from the stock's 200-day moving average which is $62.82. The firm has a market cap of $30.11 billion, a PE ratio of 11.18 and a beta of 0.63.

Target Co. has a 52-week low of $52.72 and a 52-week high of $79.33. Cowen & Co maintained Target Corporation (NYSE:TGT) rating on Thursday, February 25. The retailer reported $1.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.30. Out of the analyst recommendations 3 rate Target Corporation (NYSE:TGT) stock a Buy, 1 rate the stock Outperform, 18 rate Hold, 3 rate Underperform and 1 recommend a Sell. The business's quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 earnings per share. Analysts predict that Target Co. will post $4.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Moreover, Putnam Investments Llc has 0.04% invested in the company for 271,292 shares.

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More notable recent Target Corporation (NYSE:TGT) news were published by: Seekingalpha.com which released: "Target Delivers Toothpaste And Earnings" on May 19, 2017, also Nasdaq.com with their article: "Target Corporation (TGT) Ex-Dividend Date Scheduled for May 15, 2017" published on May 12, 2017, Seekingalpha.com published: "Target Remains A Strong Income Play" on May 31, 2017. The Company's objective is to produce a stable and predictable dividend yield, with long-term preservation of net asset value, and its investment policy is to invest primarily in senior secured loans. Target's dividend payout ratio (DPR) is now 42.93%. Ltd. Increases Stake in Target Co. If the market is performing well and the stock is over-valued, TGT might be a good investment at this point but if the market is dropping down, you might not consider buying the stock.

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TGT has been the subject of several analyst reports. Finally, UBS Group AG reissued a "neutral" rating and set a $72.00 price objective on shares of Target in a research note on Tuesday, February 28th. Susquehanna initiated the shares of TGT in report on Friday, February 10 with "Neutral" rating. They set a "neutral" rating and a $70.00 price objective for the company. As per Wednesday, March 1, the company rating was downgraded by Telsey Advisory Group. TheStreet cut Target from a "b-" rating to a "c+" rating in a research note on Monday, March 27th. The stock now has an average rating of "Hold" and an average price target of $65.49. The shares were acquired at an average cost of $54.86 per share, for a total transaction of $548,600.00.

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