Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in Target Co. (NYSE:TGT)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Target Co. (NYSE:TGT) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 803,754 shares of the retailer’s stock after purchasing an additional 82,623 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of Target worth $109,142,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cynosure Group LLC lifted its position in shares of Target by 4.3% during the 3rd 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 holdings in Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after purchasing an additional 68 shares during the last quarter. Kathmere Capital Management LLC boosted its position in Target by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after purchasing an additional 73 shares during the period. Horrell Capital Management Inc. increased its stake in shares of Target by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock worth $3,603,000 after purchasing an additional 76 shares in the last quarter. Finally, First PREMIER Bank raised its position in shares of Target by 21.9% in the fourth quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock valued at $61,000 after purchasing an additional 80 shares during the period. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on TGT shares. The Goldman Sachs Group cut their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Jefferies Financial Group decreased their price objective on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Roth Capital set a $122.00 target price on Target in a report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price target on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, Evercore ISI cut their price objective on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $143.40.

Target Trading Up 0.4 %

Shares of TGT stock opened at $106.49 on Friday. The business has a 50-day moving average of $123.56 and a 200 day moving average of $136.87. 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 1-year low of $101.76 and a 1-year high of $181.86. The stock has a market capitalization of $48.51 billion, a PE ratio of 11.29, a P/E/G ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $30.83 billion. As a group, sell-side analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.21%. Target’s dividend payout ratio is currently 50.56%.

About Target

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.