SBI Securities Co. Ltd. Purchases Shares of 40,267 Target Co. (NYSE:TGT)

SBI Securities Co. Ltd. acquired a new position in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,267 shares of the retailer’s stock, valued at approximately $5,443,000.

Several other large investors also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in Target during the third quarter worth $28,000. MCF Advisors LLC increased its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the period. FSA Wealth Management LLC acquired a new stake in Target in the 3rd quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in Target during the third quarter worth about $38,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Roth Mkm dropped their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and cut their price target for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. BMO Capital Markets decreased 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. Wells Fargo & Company cut their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Finally, TD Cowen decreased their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $157.93.

Target Trading Up 1.5 %

Shares of Target stock opened at $124.37 on Friday. The firm has a market capitalization of $56.99 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $133.77 and its 200 day moving average is $142.39. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Wednesday, February 12th. Target’s payout ratio is 47.51%.

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.