Swedbank Boosts Stake in Target Co. (TGT)

Swedbank increased its position in Target Co. (NYSE:TGT) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,349,986 shares of the retailer’s stock after purchasing an additional 101,671 shares during the period. Swedbank owned 0.45% of Target worth $152,655,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in Target by 5,697.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,484,117 shares of the retailer’s stock valued at $280,000 after acquiring an additional 18,165,298 shares during the period. AQR Capital Management LLC increased its position in Target by 114.5% in the 3rd quarter. AQR Capital Management LLC now owns 10,474,816 shares of the retailer’s stock valued at $923,984,000 after acquiring an additional 5,590,395 shares during the period. Bank of Montreal Can increased its position in Target by 61.8% in the 4th quarter. Bank of Montreal Can now owns 2,304,536 shares of the retailer’s stock valued at $152,306,000 after acquiring an additional 880,424 shares during the period. OppenheimerFunds Inc. increased its position in Target by 61.7% in the 3rd quarter. OppenheimerFunds Inc. now owns 2,025,519 shares of the retailer’s stock valued at $178,671,000 after acquiring an additional 773,180 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Target by 54.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,028,126 shares of the retailer’s stock valued at $178,899,000 after acquiring an additional 717,588 shares during the period. 86.72% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TGT opened at $70.10 on Wednesday. The company has a market cap of $37.12 billion, a PE ratio of 14.88, a PEG ratio of 2.12 and a beta of 0.72. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.13 and a current ratio of 0.83. Target Co. has a 12 month low of $60.15 and a 12 month high of $90.39.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, November 20th. The retailer reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.02). The firm had revenue of $17.59 billion for the quarter, compared to analysts’ expectations of $17.81 billion. Target had a return on equity of 25.02% and a net margin of 4.31%. Target’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Analysts expect that Target Co. will post 5.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 10th. Stockholders of record on Wednesday, February 20th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Tuesday, February 19th. Target’s dividend payout ratio (DPR) is 54.35%.

Several equities analysts recently issued reports on TGT shares. KeyCorp started coverage on Target in a research report on Friday, November 16th. They issued an “overweight” rating and a $110.00 price target on the stock. Zacks Investment Research cut Target from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Morgan Stanley dropped their price target on Target from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, November 23rd. ValuEngine cut Target from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, Deutsche Bank set a $82.00 price target on Target and gave the company a “hold” rating in a research report on Wednesday, November 21st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Target has a consensus rating of “Hold” and an average target price of $86.92.

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Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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