Generali Asset Management SPA SGR Purchases New Holdings in Target Co. (NYSE:TGT)

Generali Asset Management SPA SGR bought a new position in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 73,205 shares of the retailer’s stock, valued at approximately $9,896,000.

A number of other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in Target during the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Target during the 4th quarter worth $29,000. FSA Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter worth $36,000. MCF Advisors LLC boosted its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its stake in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on TGT shares. Jefferies Financial Group decreased their target price on Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Wells Fargo & Company decreased their target price on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Stifel Nicolaus cut their price objective on Target from $145.00 to $130.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. BMO Capital Markets cut their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Finally, Bank of America cut their price objective on Target from $160.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.87.

Target Stock Up 0.9 %

NYSE:TGT opened at $105.61 on Tuesday. Target Co. has a 1 year low of $103.46 and a 1 year high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market cap of $48.11 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.94 and a beta of 1.18. The stock has a 50-day moving average price of $128.68 and a two-hundred day moving average price of $139.29.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. As a group, equities analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.24%. Target’s dividend payout ratio (DPR) is 50.56%.

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.