Swiss National Bank decreased its position in shares of Target Co. (NYSE:TGT - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,301,400 shares of the retailer's stock after selling 71,800 shares during the period. Swiss National Bank owned 0.28% of Target worth $175,923,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in TGT. Impax Asset Management Group plc raised its position in shares of Target by 8.6% during the third quarter. Impax Asset Management Group plc now owns 241,447 shares of the retailer's stock valued at $37,632,000 after buying an additional 19,095 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Target by 2.9% during the third quarter. Harbour Investments Inc. now owns 7,345 shares of the retailer's stock valued at $1,145,000 after buying an additional 205 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Target during the third quarter valued at about $507,000. Savvy Advisors Inc. acquired a new position in shares of Target during the third quarter valued at about $269,000. Finally, Aptus Capital Advisors LLC raised its position in shares of Target by 5.8% during the third quarter. Aptus Capital Advisors LLC now owns 7,738 shares of the retailer's stock valued at $1,206,000 after buying an additional 427 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.
TGT has been the subject of several recent research reports. Roth Mkm reissued a "neutral" rating and issued a $122.00 price target (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. Evercore ISI dropped their price target 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. KGI Securities set a $132.00 price target on shares of Target in a research report on Wednesday, March 5th. StockNews.com lowered shares of Target from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Telsey Advisory Group dropped their price target on shares of Target from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Target presently has a consensus rating of "Hold" and a consensus price target of $145.87.
Read Our Latest Stock Report on Target
TGT opened at $104.37 on Friday. The company has a fifty day moving average price of $129.97 and a two-hundred day moving average price of $140.26. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a 52 week low of $104.01 and a 52 week high of $181.86. The firm has a market capitalization of $47.82 billion, a PE ratio of 11.07, a P/E/G ratio of 1.94 and a beta of 1.18.
Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to analysts' expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.29%. Target's dividend payout ratio is 50.56%.
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.
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