Target Co. (NYSE:TGT) Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its position in shares of Target Co. (NYSE:TGT) by 2.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 181,500 shares of the retailer’s stock after acquiring an additional 3,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Target were worth $24,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. Thrivent Financial for Lutherans raised its position in Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after buying an additional 3,590 shares during the last quarter. Northeast Financial Group Inc. purchased a new stake in shares of Target in the fourth quarter valued at about $1,566,000. D.A. Davidson & CO. boosted its stake in shares of Target by 8.6% during the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after buying an additional 9,510 shares during the period. Finally, LMG Wealth Partners LLC purchased a new position in shares of Target during the fourth quarter worth about $1,438,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Down 1.0 %

Shares of NYSE:TGT opened at $122.80 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. The company has a market capitalization of $56.27 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.94 and a beta of 1.15. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The stock’s fifty day simple moving average is $133.91 and its 200-day simple moving average is $142.42.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.65%. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price target on shares of Target in a report on Friday, January 17th. Roth Mkm dropped their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. TD Cowen reduced 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 cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $157.93.

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.