Generate Investment Management Ltd Has $5.30 Million Stake in Target Co. (NYSE:TGT)

Generate Investment Management Ltd reduced its position in shares of Target Co. (NYSE:TGT) by 29.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 39,184 shares of the retailer’s stock after selling 16,566 shares during the quarter. Generate Investment Management Ltd’s holdings in Target were worth $5,297,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of Target during the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC boosted its holdings in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. MCF Advisors LLC boosted its holdings in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in Target in the 3rd quarter valued at $36,000. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TGT. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and decreased their price target for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. BMO Capital Markets dropped their price objective on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company decreased their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Finally, Evercore ISI dropped their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $157.70.

Target Price Performance

Target stock opened at $131.29 on Friday. The stock’s fifty day moving average price is $135.24 and its two-hundred day moving average price is $143.98. The firm has a market cap of $60.16 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15. 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 one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $2.10 EPS. As a group, research analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.41%. Target’s dividend payout ratio is currently 47.51%.

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.