Target Co. (TGT) Holdings Increased by KBC Group NV

KBC Group NV raised its position in shares of Target Co. (NYSE:TGT) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 222,679 shares of the retailer’s stock after purchasing an additional 23,457 shares during the quarter. KBC Group NV’s holdings in Target were worth $13,140,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TGT. Carnick & Kubik Group LLC acquired a new position in shares of Target in the third quarter worth $554,000. CAPROCK Group Inc. acquired a new position in shares of Target in the third quarter worth $832,000. Boston Private Wealth LLC increased its stake in shares of Target by 4.5% in the second quarter. Boston Private Wealth LLC now owns 53,455 shares of the retailer’s stock worth $2,795,000 after acquiring an additional 2,285 shares during the last quarter. Conning Inc. increased its stake in shares of Target by 2.1% in the second quarter. Conning Inc. now owns 522,523 shares of the retailer’s stock worth $27,323,000 after acquiring an additional 10,966 shares during the last quarter. Finally, SignalPoint Asset Management LLC acquired a new position in shares of Target in the third quarter worth $258,000. 87.26% of the stock is currently owned by institutional investors.

Target Co. (NYSE TGT) traded down $0.39 during trading on Friday, reaching $59.51. 8,317,171 shares of the company’s stock traded hands, compared to its average volume of 9,283,936. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.96 and a quick ratio of 0.27. The firm has a market capitalization of $32,348.03, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 7.36 and a beta of 0.64. Target Co. has a 52-week low of $48.56 and a 52-week high of $78.42.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The company had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. equities research analysts forecast that Target Co. will post 4.54 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Tuesday, November 14th. Target’s dividend payout ratio (DPR) is 51.88%.

In other Target news, insider Hourigan Rice Jacqueline sold 4,679 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.

A number of equities analysts have recently weighed in on the stock. BidaskClub downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. ValuEngine raised shares of Target from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price target (up from $58.00) on shares of Target in a research note on Friday, August 18th. Vetr downgraded shares of Target from a “buy” rating to a “hold” rating and set a $59.67 price target on the stock. in a research note on Monday, August 7th. Finally, Gordon Haskett raised shares of Target from a “sell” rating to a “hold” rating and upped their price target for the stock from $47.00 to $58.00 in a research note on Wednesday, August 16th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $63.25.

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Target Company Profile

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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