Target Co. (NYSE:TGT) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its stake in Target Co. (NYSE:TGT) by 19.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,788 shares of the retailer’s stock after acquiring an additional 6,578 shares during the period. Vontobel Holding Ltd.’s holdings in Target were worth $5,514,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. State Street Corp raised its stake in shares of Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after acquiring an additional 2,732,801 shares in the last quarter. FMR LLC raised its stake in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Target by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after acquiring an additional 130,691 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Target by 1.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock valued at $517,620,000 after acquiring an additional 62,916 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Target by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock valued at $475,914,000 after acquiring an additional 56,695 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Shares of NYSE:TGT opened at $127.86 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 company has a market cap of $58.58 billion, a P/E ratio of 13.56, a PEG ratio of 2.04 and a beta of 1.15. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The company has a 50-day moving average price of $135.11 and a 200 day moving average price of $143.21.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the business earned $2.10 EPS. Target’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts predict that Target Co. will post 8.69 earnings per share for the current 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 dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.50%. Target’s payout ratio is 47.51%.

Analysts Set New Price Targets

Several equities analysts recently commented on TGT shares. Evercore ISI dropped their target price on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Wells Fargo & Company dropped their target price on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Truist Financial increased their target price on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. StockNews.com lowered Target from a “buy” rating to a “hold” rating in a report on Friday. Finally, Bank of America dropped their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $157.70.

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.