Target Co. (NYSE:TGT) Position Decreased by Cigna Investments Inc. New

Cigna Investments Inc. New decreased its holdings in shares of Target Co. (NYSE:TGT) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,717 shares of the retailer’s stock after selling 81 shares during the period. Cigna Investments Inc. New’s holdings in Target were worth $637,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Target by 366.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,907 shares of the retailer’s stock worth $609,000 after buying an additional 3,069 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of Target by 20.0% in the third quarter. Ritholtz Wealth Management now owns 4,040 shares of the retailer’s stock worth $630,000 after buying an additional 672 shares during the period. Koshinski Asset Management Inc. acquired a new position in shares of Target in the third quarter worth about $998,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Target by 628.4% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 30,638 shares of the retailer’s stock worth $4,775,000 after buying an additional 26,432 shares during the period. Finally, Polianta Ltd acquired a new position in shares of Target in the third quarter worth about $1,153,000. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of several recent analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $165.00 target price on shares of Target in a report on Monday, November 25th. Stifel Nicolaus increased their price target on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Guggenheim increased their price target on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and reduced their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Target presently has an average rating of “Hold” and an average price target of $157.70.

Target Trading Down 0.0 %

Shares of Target stock opened at $131.34 on Tuesday. The firm has a market capitalization of $60.18 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company’s fifty day moving average price is $135.22 and its two-hundred day moving average price is $143.78. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86.

Target (NYSE:TGT) last posted 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 return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the company posted $2.10 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio 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.