Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Target Co. (NYSE:TGT - Free Report) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194,624 shares of the retailer's stock after selling 10,261 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Target were worth $26,309,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer's stock worth $5,530,576,000 after buying an additional 2,732,801 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Target in the fourth quarter worth $297,122,000. Two Sigma Advisers LP increased its holdings in shares of Target by 173.2% during the third 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 shares of Target by 11.7% during the third 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. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Target by 773.1% in the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer's stock worth $129,795,000 after purchasing an additional 737,384 shares during the period. Institutional investors own 79.73% of the company's stock.
Several brokerages recently commented on TGT. Roth Capital set a $122.00 target price on Target in a report on Wednesday, March 5th. The Goldman Sachs Group cut their target price on shares of Target from $166.00 to $142.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Citigroup decreased their price target on shares of Target from $133.00 to $120.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Telsey Advisory Group cut their price objective on Target from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of Target in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $145.87.
View Our Latest Report on TGT
Shares of TGT stock traded down $5.45 on Wednesday, reaching $107.31. 9,993,922 shares of the stock were exchanged, compared to its average volume of 6,171,358. The stock has a 50 day moving average price of $131.18 and a 200 day moving average price of $140.74. The stock has a market cap of $49.17 billion, a PE ratio of 11.38, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a one year low of $107.02 and a one year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.
Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to analysts' expectations of $30.83 billion. Equities research analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.17%. Target's dividend payout ratio is currently 50.56%.
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.
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