River Global Investors LLP Has $1.20 Million Holdings in Target Co. (NYSE:TGT)

River Global Investors LLP trimmed its holdings in shares of Target Co. (NYSE:TGT) by 45.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,902 shares of the retailer’s stock after selling 7,558 shares during the quarter. River Global Investors LLP’s holdings in Target were worth $1,204,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after acquiring an additional 2,732,801 shares during the last quarter. FMR LLC grew its holdings in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Target by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after purchasing an additional 130,691 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Target by 6.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock worth $518,089,000 after buying an additional 234,409 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Target by 1.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after buying an additional 62,916 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TGT has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a research note on Wednesday, November 20th. Citigroup lowered their target price on Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Evercore ISI reduced their price objective on Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and an average target price of $147.00.

Target Trading Up 0.9 %

TGT stock opened at $115.11 on Friday. The business has a fifty day moving average price of $132.05 and a 200 day moving average price of $141.51. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a fifty-two week low of $112.10 and a fifty-two week high of $181.86. The stock has a market capitalization of $52.74 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.89%. The ex-dividend date was Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 50.56%.

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.