Vinva Investment Management Ltd Grows Stock Position in Target Co. (NYSE:TGT)

Vinva Investment Management Ltd raised its holdings in Target Co. (NYSE:TGT) by 16.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,794 shares of the retailer’s stock after purchasing an additional 3,113 shares during the period. Vinva Investment Management Ltd’s holdings in Target were worth $3,382,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TGT. International Assets Investment Management LLC raised its position in shares of Target by 9,940.6% in 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 in the last quarter. FMR LLC raised its position in shares of Target by 11.7% in 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 in the last quarter. AQR Capital Management LLC raised its position in shares of Target by 711.2% in the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after purchasing an additional 768,479 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Target in the 3rd quarter valued at approximately $106,493,000. Finally, Victory Capital Management Inc. raised its position in shares of Target by 11.4% in the 2nd quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock valued at $639,050,000 after purchasing an additional 440,307 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Target

In other news, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the completion of the sale, the insider now directly owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Target in a research report on Monday. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein began coverage on Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target on the stock. Evercore ISI dropped their price target on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. Finally, Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $170.00 to $130.00 in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Target currently has a consensus rating of “Hold” and an average price target of $160.30.

Target Trading Up 2.8 %

NYSE:TGT opened at $130.09 on Friday. The business has a fifty day moving average of $149.31 and a 200-day moving average of $148.78. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The stock has a market cap of $59.93 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 2.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the business earned $2.10 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts predict that Target Co. will post 8.6 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 3.44%. Target’s dividend payout ratio is currently 47.51%.

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.