Tokio Marine Asset Management Co. Ltd. cut its holdings in Target Co. (NYSE:TGT) by 34.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,557 shares of the retailer’s stock after selling 2,365 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Target were worth $297,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Bedell Frazier Investment Counseling LLC acquired a new stake in shares of Target in the third quarter valued at approximately $219,000. Security Asset Management acquired a new stake in Target during the fourth quarter worth approximately $115,000. Heritage Trust Co boosted its position in Target by 129.7% during the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after acquiring an additional 1,000 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in Target during the fourth quarter worth approximately $124,000. Finally, SevenBridge Financial Group LLC boosted its position in Target by 2,200.0% during the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after acquiring an additional 1,826 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.
In other news, insider Stephanie A. Lundquist sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total value of $234,240.00. Following the transaction, the insider now owns 16,906 shares of the company’s stock, valued at approximately $1,320,020.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 4,705 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The disclosure for this sale can be found here. In the last three months, insiders sold 16,262 shares of company stock worth $1,185,484. Insiders own 0.25% of the company’s stock.
Target Co. (TGT) opened at $72.45 on Friday. The firm has a market cap of $39,380.00, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. Target Co. has a 1-year low of $48.56 and a 1-year high of $78.70. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01.
Target (NYSE:TGT) last issued its earnings results on Wednesday, November 15th. The retailer reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The business had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter last year, the firm posted $1.04 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts expect that Target Co. will post 4.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s dividend payout ratio is presently 52.10%.
A number of analysts recently issued reports on the stock. Vetr upgraded shares of Target from a “sell” rating to a “hold” rating and set a $72.52 target price on the stock in a research report on Monday, February 5th. Cowen set a $80.00 target price on shares of Target and gave the stock a “hold” rating in a research report on Thursday. Stifel Nicolaus set a $60.00 target price on shares of Target and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Robert W. Baird restated a “hold” rating and set a $70.00 target price on shares of Target in a research report on Wednesday, January 3rd. Finally, Barclays upgraded shares of Target from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $45.00 to $70.00 in a research report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $67.64.
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Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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