Livforsakringsbolaget Skandia Omsesidigt Has $162,000 Stock Position in Target Co. (NYSE:TGT)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Target Co. (NYSE:TGT) by 74.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,138 shares of the retailer’s stock after purchasing an additional 485 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Target were worth $162,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. Moneta Group Investment Advisors LLC raised its stake in Target by 95,980.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 18,537,742 shares of the retailer’s stock valued at $2,762,865,000 after purchasing an additional 18,518,448 shares in the last quarter. Norges Bank acquired a new position in Target in the fourth quarter valued at about $725,870,000. International Assets Investment Management LLC raised its stake in Target by 15,009.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock valued at $250,244,000 after purchasing an additional 1,745,459 shares in the last quarter. Clearbridge Investments LLC raised its stake in Target by 37,301.2% in the third quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock valued at $187,832,000 after purchasing an additional 1,694,222 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Target by 252.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,166,161 shares of the retailer’s stock valued at $358,782,000 after purchasing an additional 1,551,551 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup boosted their target price on Target from $142.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. The Goldman Sachs Group boosted their target price on Target from $176.00 to $194.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Roth Mkm boosted their target price on Target from $140.00 to $153.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. boosted their target price on Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, Guggenheim boosted their target price on Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Eleven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Target Price Performance

Shares of TGT opened at $166.58 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The business’s 50 day moving average price is $163.25 and its two-hundred day moving average price is $140.52. The firm has a market cap of $76.91 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The company had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. Target’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts anticipate that Target Co. will post 9.39 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is 49.27%.

Insider Transactions at Target

In other news, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $167.52, for a total value of $7,538,400.00. Following the completion of the sale, the insider now directly owns 346,919 shares of the company’s stock, valued at approximately $58,115,870.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The disclosure for this sale can be found here. Insiders have sold 52,600 shares of company stock valued at $8,819,598 over the last ninety days. 0.23% of the stock is owned by company insiders.

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.