Edmond DE Rothschild Holding S.A. Takes $1.05 Million Position in Target Co. (NYSE:TGT)

Edmond DE Rothschild Holding S.A. purchased a new position in shares of Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,781 shares of the retailer’s stock, valued at approximately $1,052,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its position in shares of Target by 169.4% during the fourth quarter. Meeder Asset Management Inc. now owns 80,472 shares of the retailer’s stock worth $10,878,000 after acquiring an additional 50,600 shares during the last quarter. Wellington Management Group LLP increased its holdings in Target by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 56,384 shares of the retailer’s stock worth $7,622,000 after purchasing an additional 6,253 shares during the last quarter. Bcwm LLC purchased a new stake in Target during the 4th quarter worth approximately $11,527,000. Physician Wealth Advisors Inc. purchased a new position in shares of Target during the 4th quarter valued at approximately $59,000. Finally, California Public Employees Retirement System grew its position in shares of Target by 7.0% during the fourth quarter. California Public Employees Retirement System now owns 2,022,804 shares of the retailer’s stock worth $273,443,000 after buying an additional 132,086 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Telsey Advisory Group cut their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. Bank of America reduced their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. DA Davidson decreased their price target on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Truist Financial cut their price objective on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company decreased their target price on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $142.90.

Target Stock Up 0.0 %

Shares of TGT stock opened at $104.37 on Wednesday. Target Co. has a 1 year low of $100.50 and a 1 year high of $177.89. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The business’s fifty day moving average is $121.72 and its 200-day moving average is $135.75. The stock has a market cap of $47.55 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

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

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.29%. Target’s dividend payout ratio (DPR) is 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.