Target Co. (NYSE:TGT) Stock Holdings Lessened by Schroder Investment Management Group


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Schroder Investment Management Group trimmed its stake in Target Co. (NYSE:TGT) by 14.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 561,763 shares of the retailer’s stock after selling 97,178 shares during the quarter. Schroder Investment Management Group’s holdings in Target were worth $99,167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Columbia Trust Co 01012016 purchased a new stake in shares of Target in the fourth quarter worth approximately $655,000. Mn Services Vermogensbeheer B.V. lifted its position in shares of Target by 1.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 445,976 shares of the retailer’s stock worth $78,728,000 after purchasing an additional 6,600 shares in the last quarter. Fagan Associates Inc. lifted its position in shares of Target by 8.8% in the fourth quarter. Fagan Associates Inc. now owns 27,969 shares of the retailer’s stock worth $4,937,000 after purchasing an additional 2,260 shares in the last quarter. Zweig DiMenna Associates LLC lifted its position in shares of Target by 117.4% in the fourth quarter. Zweig DiMenna Associates LLC now owns 100,000 shares of the retailer’s stock worth $17,653,000 after purchasing an additional 54,000 shares in the last quarter. Finally, Clear Creek Financial Management LLC purchased a new stake in shares of Target in the fourth quarter worth approximately $2,177,000. 79.17% of the stock is owned by institutional investors and hedge funds.

In other Target news, insider Stephanie A. Lundquist sold 16,894 shares of Target stock in a transaction on Thursday, January 14th. The shares were sold at an average price of $198.34, for a total transaction of $3,350,755.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christina Hennington sold 1,852 shares of Target stock in a transaction on Friday, March 19th. The stock was sold at an average price of $183.00, for a total transaction of $338,916.00. Following the sale, the insider now owns 25,249 shares in the company, valued at approximately $4,620,567. The disclosure for this sale can be found here. Insiders have sold 21,028 shares of company stock worth $4,128,843 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

Shares of Target stock opened at $204.45 on Thursday. The company’s fifty day simple moving average is $187.34 and its 200-day simple moving average is $176.55. The company has a market cap of $101.94 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 2.64 and a beta of 0.97. The company has a current ratio of 1.05, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Target Co. has a 1 year low of $100.00 and a 1 year high of $207.38.

Target (NYSE:TGT) last announced its quarterly earnings data on Monday, March 1st. The retailer reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.13. The business had revenue of $28 billion for the quarter, compared to the consensus estimate of $27.42 billion. Target had a net margin of 4.31% and a return on equity of 34.94%. Target’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the company posted $1.69 earnings per share. As a group, research analysts forecast that Target Co. will post 9.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Wednesday, May 19th will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, May 18th. This represents a $2.72 dividend on an annualized basis and a yield of 1.33%. Target’s dividend payout ratio is currently 42.57%.

Several equities analysts recently weighed in on TGT shares. Stifel Nicolaus raised their price objective on shares of Target from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, March 30th. Zacks Investment Research lowered shares of Target from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research report on Friday, March 5th. Cowen raised their price objective on shares of Target from $190.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, January 14th. Robert W. Baird cut their price objective on shares of Target from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Target from $194.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday, January 14th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Target has an average rating of “Buy” and a consensus target price of $180.90.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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