Strategy Asset Managers LLC Has $290,000 Position in Target Co. (NYSE:TGT)

Strategy Asset Managers LLC boosted its holdings in shares of Target Co. (NYSE:TGT) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,145 shares of the retailer’s stock after buying an additional 174 shares during the period. Strategy Asset Managers LLC’s holdings in Target were worth $290,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Townsquare Capital LLC increased its holdings in Target by 24.5% during the 3rd quarter. Townsquare Capital LLC now owns 8,182 shares of the retailer’s stock worth $1,275,000 after purchasing an additional 1,612 shares in the last quarter. Cynosure Group LLC boosted its position in shares of Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after buying an additional 65 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in Target by 31.3% during the third quarter. CreativeOne Wealth LLC now owns 5,877 shares of the retailer’s stock worth $916,000 after buying an additional 1,402 shares in the last quarter. Public Sector Pension Investment Board raised its position in Target by 12.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 20,172 shares of the retailer’s stock valued at $3,144,000 after buying an additional 2,300 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in Target by 21.1% in the 3rd quarter. Martingale Asset Management L P now owns 13,523 shares of the retailer’s stock valued at $2,108,000 after buying an additional 2,352 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TGT shares. Evercore ISI reduced their target price on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research note on Wednesday, March 5th. Citigroup reduced their price objective on shares of Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. DA Davidson decreased their price objective on shares of Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Bank of America cut their target price on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Oppenheimer decreased their price target on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.40.

Target Trading Down 2.7 %

Shares of Target stock opened at $103.63 on Friday. 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 1 year low of $101.76 and a 1 year high of $181.86. The firm has a market cap of $47.21 billion, a PE ratio of 10.99, a PEG ratio of 1.94 and a beta of 1.18. The company has a 50 day simple moving average of $122.96 and a two-hundred day simple moving average of $136.46.

Target (NYSE:TGT) last posted its quarterly earnings data 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. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.32%. Target’s dividend payout ratio (DPR) is presently 50.56%.

Target 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.