Tokio Marine Asset Management Co. Ltd. Has $297,000 Position in Target Co. (TGT)

Tokio Marine Asset Management Co. Ltd. decreased its position in shares of Target Co. (NYSE:TGT) by 34.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,557 shares of the retailer’s stock after selling 2,365 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Target were worth $297,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TGT. Heritage Trust Co increased its position in shares of Target by 129.7% in the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after purchasing an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC increased its position in shares of Target by 2,200.0% in the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after purchasing an additional 1,826 shares during the last quarter. Security Asset Management bought a new stake in shares of Target in the 4th quarter worth about $115,000. First Mercantile Trust Co. bought a new stake in shares of Target in the 4th quarter worth about $124,000. Finally, Jacobi Capital Management LLC increased its position in shares of Target by 109.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after purchasing an additional 1,310 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

In other Target news, insider Stephanie A. Lundquist sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total transaction of $234,240.00. Following the sale, the insider now directly owns 16,906 shares in the company, valued at approximately $1,320,020.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Harrison sold 8,557 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $76.74, for a total transaction of $656,664.18. Following the sale, the insider now owns 13,288 shares in the company, valued at $1,019,721.12. The disclosure for this sale can be found here. Insiders have sold a total of 16,262 shares of company stock worth $1,185,484 over the last 90 days. 0.25% of the stock is owned by insiders.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Target from a “hold” rating to a “strong-buy” rating and set a $88.00 target price for the company in a research report on Saturday, January 20th. MKM Partners set a $93.00 price target on shares of Target and gave the company a “buy” rating in a report on Friday, January 12th. Vetr lowered shares of Target from a “hold” rating to a “sell” rating and set a $70.45 price target for the company. in a report on Thursday, January 11th. Cowen set a $80.00 price target on shares of Target and gave the company a “hold” rating in a report on Thursday. Finally, Deutsche Bank raised shares of Target from a “neutral” rating to a “positive” rating and lifted their price target for the company from $57.00 to $70.00 in a report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $67.64.

Target Co. (NYSE TGT) opened at $72.45 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96. The stock has a market cap of $39,380.00, a PE ratio of 15.22, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. Target Co. has a one year low of $48.56 and a one year high of $78.70.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Target had a net margin of 3.80% and a return on equity of 24.09%. The firm had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. During the same period in the previous year, the business posted $1.04 EPS. Target’s revenue was up 1.4% on a year-over-year basis. equities research analysts predict that Target Co. will post 4.72 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.42%. Target’s dividend payout ratio (DPR) is 52.10%.

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Target 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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