AMF Tjanstepension AB Boosts Stock Holdings in Target Co. (NYSE:TGT)

AMF Tjanstepension AB increased its position in shares of Target Co. (NYSE:TGT) by 102.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,950 shares of the retailer’s stock after buying an additional 122,593 shares during the period. AMF Tjanstepension AB owned 0.05% of Target worth $32,727,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC acquired a new position in shares of Target in the third quarter worth about $28,000. FSA Wealth Management LLC purchased a new position in shares of Target in the 3rd quarter valued at about $36,000. MCF Advisors LLC raised its holdings in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its position in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Finally, First Financial Corp IN grew its holdings in Target by 330.8% in the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock valued at $38,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 0.9 %

TGT stock opened at $115.11 on Friday. Target Co. has a one year low of $112.10 and a one year high of $181.86. The firm has a market cap of $52.74 billion, a PE ratio of 12.21, a PEG ratio of 1.94 and a beta of 1.18. The firm’s 50 day moving average price is $132.05 and its 200-day moving average price is $141.51. 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 (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, equities research analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio is presently 50.56%.

Analysts Set New Price Targets

TGT has been the subject of several research analyst reports. Guggenheim upped their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group decreased their price objective on shares of Target from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday. TD Cowen cut their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Finally, Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. One research 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, Target has a consensus rating of “Hold” and a consensus target price of $147.00.

Target Company Profile

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.