Vinva Investment Management Ltd Has $2.70 Million Stake in Target Co. (NYSE:TGT)

Vinva Investment Management Ltd trimmed its holdings in Target Co. (NYSE:TGT) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,974 shares of the retailer’s stock after selling 1,820 shares during the period. Vinva Investment Management Ltd’s holdings in Target were worth $2,697,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Cynosure Group LLC lifted its position in shares of Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after buying an additional 65 shares during the last quarter. Hancock Whitney Corp lifted its position in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after buying an additional 68 shares during the last quarter. Kathmere Capital Management LLC lifted its position in shares of Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after buying an additional 73 shares during the last quarter. Cahill Financial Advisors Inc. lifted its position in shares of Target by 1.0% in the third quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer’s stock valued at $1,197,000 after buying an additional 76 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC lifted its holdings in Target by 2.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock worth $483,000 after purchasing an additional 76 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TGT has been the subject of several research reports. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Bank of America dropped their price target on Target from $160.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. The Goldman Sachs Group dropped their price target on Target from $166.00 to $142.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a report on Wednesday, November 20th. Finally, Guggenheim lifted their price target on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $145.87.

Target Stock Performance

Shares of Target stock opened at $104.81 on Thursday. The company’s 50 day moving average price is $127.31 and its two-hundred day moving average price is $138.71. The firm has a market capitalization of $47.75 billion, a P/E ratio of 11.11, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a fifty-two week low of $103.46 and a fifty-two week high of $181.86. 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 (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 the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. On average, equities analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is currently 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.