Global X Japan Co. Ltd. Has $468,000 Stock Position in Target Co. (NYSE:TGT)

Global X Japan Co. Ltd. raised its position in Target Co. (NYSE:TGT) by 20.2% in the 4th quarter, Holdings Channel reports. The firm owned 3,464 shares of the retailer’s stock after buying an additional 583 shares during the period. Global X Japan Co. Ltd.’s holdings in Target were worth $468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Target by 6.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,917 shares of the retailer’s stock worth $8,100,000 after purchasing an additional 3,607 shares in the last quarter. RNC Capital Management LLC lifted its position in Target by 23.7% during the fourth quarter. RNC Capital Management LLC now owns 15,944 shares of the retailer’s stock worth $2,155,000 after acquiring an additional 3,059 shares during the last quarter. Leo Wealth LLC grew its holdings in Target by 153.0% in the 4th quarter. Leo Wealth LLC now owns 4,357 shares of the retailer’s stock valued at $589,000 after buying an additional 2,635 shares in the last quarter. Consolidated Portfolio Review Corp bought a new position in Target during the fourth quarter worth about $300,000. Finally, Telos Capital Management Inc. raised its position in shares of Target by 18.7% in the fourth quarter. Telos Capital Management Inc. now owns 3,070 shares of the retailer’s stock valued at $415,000 after buying an additional 484 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TGT shares. TD Cowen reduced their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Roth Mkm decreased their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Bank of America cut their price target on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research note on Wednesday, November 20th. Finally, Piper Sandler decreased their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $157.70.

Target Stock Down 0.5 %

Shares of NYSE:TGT opened at $134.59 on Friday. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. 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’s 50 day moving average is $135.16 and its 200 day moving average is $144.04. The stock has a market cap of $61.67 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) 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 company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period last year, the business posted $2.10 EPS. The firm’s revenue was up .9% compared to the same quarter last year. Sell-side analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.33%. Target’s dividend payout ratio (DPR) 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.