Clal Insurance Enterprises Holdings Ltd Reduces Stock Position in Target Co. (NYSE:TGT)

Clal Insurance Enterprises Holdings Ltd lessened its stake in shares of Target Co. (NYSE:TGT) by 33.2% in the fourth quarter, HoldingsChannel reports. The firm owned 209,395 shares of the retailer’s stock after selling 104,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Target were worth $28,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC purchased a new stake in Target during the 3rd quarter worth about $28,000. MCF Advisors LLC boosted its stake 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 buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Target in the 3rd quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Target in the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

TGT stock opened at $124.37 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The stock’s 50 day moving average is $133.77 and its two-hundred day moving average is $142.39. The company has a market capitalization of $56.99 billion, a PE ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were issued a $1.12 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.60%. Target’s dividend payout ratio (DPR) is 47.51%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their price target on Target from $139.00 to $146.00 and gave the stock a “neutral” rating in a research note on Wednesday. Evercore ISI decreased their price target on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. Guggenheim raised their price target on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus lifted their price objective on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Target in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $157.93.

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.