Robinson Value Management Ltd. Buys 487 Shares of Target Co. (NYSE:TGT)

Robinson Value Management Ltd. lifted its stake in Target Co. (NYSE:TGT) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,721 shares of the retailer’s stock after buying an additional 487 shares during the quarter. Target comprises 1.7% of Robinson Value Management Ltd.’s portfolio, making the stock its 21st biggest holding. Robinson Value Management Ltd.’s holdings in Target were worth $2,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. State Street Corp raised its stake in Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. International Assets Investment Management LLC raised its stake in Target by 9,940.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after purchasing an additional 1,981,458 shares during the period. Two Sigma Advisers LP raised its stake in Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after purchasing an additional 1,502,200 shares during the period. FMR LLC raised its stake in Target by 11.7% during the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in Target by 773.1% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after purchasing an additional 737,384 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on TGT shares. Bank of America decreased their target price on Target from $195.00 to $160.00 and set a “buy” 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 company a “buy” rating in a report on Wednesday, January 22nd. Evercore ISI cut their price target on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. Wells Fargo & Company cut their price target on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $157.70.

Target Trading Down 2.5 %

Shares of NYSE TGT opened at $131.29 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 business has a fifty day simple moving average of $135.22 and a two-hundred day simple moving average of $143.84. The firm has a market cap of $60.16 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm earned $2.10 earnings per share. Analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

About Target

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.