Tokio Marine Asset Management Co. Ltd. Purchases 716 Shares of Target Co. (NYSE:TGT)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Target Co. (NYSE:TGT) by 6.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 12,710 shares of the retailer’s stock after purchasing an additional 716 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Target were worth $1,981,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Entropy Technologies LP acquired a new stake in shares of Target during the 1st quarter worth about $559,000. Kingsview Wealth Management LLC boosted its holdings in shares of Target by 5.9% during the first quarter. Kingsview Wealth Management LLC now owns 16,098 shares of the retailer’s stock worth $2,853,000 after acquiring an additional 895 shares during the period. Tocqueville Asset Management L.P. grew its position in shares of Target by 3.6% in the first quarter. Tocqueville Asset Management L.P. now owns 20,828 shares of the retailer’s stock valued at $3,691,000 after purchasing an additional 727 shares during the last quarter. Mizuho Markets Americas LLC increased its stake in shares of Target by 15.7% during the first quarter. Mizuho Markets Americas LLC now owns 221,929 shares of the retailer’s stock worth $39,328,000 after purchasing an additional 30,128 shares during the period. Finally, Councilmark Asset Management LLC acquired a new stake in Target during the 1st quarter worth approximately $239,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TGT has been the topic of several recent research reports. Sanford C. Bernstein assumed coverage on Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price objective on the stock. UBS Group raised their price target on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Truist Financial boosted their price objective on shares of Target from $156.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, August 22nd. Jefferies Financial Group raised their target price on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Daiwa Capital Markets upgraded Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target for the company in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Target currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.47.

Target Trading Down 1.0 %

Shares of TGT stock opened at $153.46 on Friday. Target Co. has a 1-year low of $124.88 and a 1-year high of $181.86. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The stock has a market cap of $70.69 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 2.00 and a beta of 1.24. The stock has a 50-day moving average of $152.51 and a 200-day moving average of $150.52.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The business had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.80 EPS. On average, equities research analysts forecast that Target Co. will post 9.54 earnings per share for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio is 46.28%.

Insider Buying and Selling

In other news, insider Richard H. Gomez sold 6,348 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the sale, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. This trade represents a 4.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matthew A. Liegel sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. The trade was a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,348 shares of company stock valued at $8,290,995 over the last 90 days. Company insiders own 0.15% of the company’s stock.

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.