Achmea Investment Management B.V. Grows Position in Target Co. (NYSE:TGT)

Achmea Investment Management B.V. grew its stake in shares of Target Co. (NYSE:TGT) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,563 shares of the retailer’s stock after buying an additional 6,341 shares during the period. Achmea Investment Management B.V.’s holdings in Target were worth $18,055,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target in the third quarter valued at $28,000. Hopwood Financial Services Inc. acquired a new position in Target in the fourth quarter valued at $29,000. MCF Advisors LLC boosted its holdings in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in Target in the third quarter valued at $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TGT. Jefferies Financial Group reduced their target price on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Roth Mkm reiterated a “neutral” rating and issued a $122.00 target price (down previously from $131.00) on shares of Target in a report on Wednesday, March 5th. Truist Financial reduced their target price on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. Bank of America reduced their price objective on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their price objective on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Target currently has an average rating of “Hold” and an average target price of $145.87.

Target Stock Down 4.8 %

Shares of Target stock opened at $107.31 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a market cap of $49.17 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a fifty-two week low of $107.02 and a fifty-two week high of $181.86. The business has a 50-day moving average price of $130.62 and a 200 day moving average price of $140.51.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, sell-side analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.17%. 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.