Robeco Institutional Asset Management B.V. grew its position in shares of Target Co. (NYSE:TGT) by 54.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,028,126 shares of the retailer’s stock after purchasing an additional 717,588 shares during the quarter. Target makes up about 0.7% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 21st biggest holding. Robeco Institutional Asset Management B.V. owned 0.39% of Target worth $178,899,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Target during the 3rd quarter valued at approximately $104,000. Sun Life Financial INC increased its holdings in shares of Target by 739.5% during the 2nd quarter. Sun Life Financial INC now owns 1,444 shares of the retailer’s stock valued at $110,000 after purchasing an additional 1,272 shares in the last quarter. CSat Investment Advisory L.P. purchased a new position in shares of Target during the 2nd quarter valued at approximately $114,000. Duncker Streett & Co. Inc. increased its holdings in shares of Target by 1,435.0% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,535 shares of the retailer’s stock valued at $117,000 after purchasing an additional 1,435 shares in the last quarter. Finally, ELM Advisors LLC purchased a new position in shares of Target during the 3rd quarter valued at approximately $141,000. 84.04% of the stock is owned by hedge funds and other institutional investors.
In other Target news, insider Stephanie A. Lundquist sold 2,100 shares of Target stock in a transaction on Tuesday, October 9th. The shares were sold at an average price of $86.00, for a total transaction of $180,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Janna A. Potts sold 15,172 shares of Target stock in a transaction on Monday, September 24th. The stock was sold at an average price of $88.00, for a total transaction of $1,335,136.00. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.
Shares of TGT opened at $86.94 on Friday. Target Co. has a 52-week low of $54.04 and a 52-week high of $90.39. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.17 and a current ratio of 0.82. The firm has a market cap of $45.05 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 2.36 and a beta of 0.73.
Target (NYSE:TGT) last announced its earnings results on Wednesday, August 22nd. The retailer reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.07. Target had a net margin of 4.19% and a return on equity of 24.29%. The company had revenue of $17.78 billion for the quarter, compared to analysts’ expectations of $17.33 billion. During the same quarter in the previous year, the company posted $1.23 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, analysts forecast that Target Co. will post 5.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $2.56 annualized dividend and a yield of 2.94%. Target’s dividend payout ratio (DPR) is presently 54.35%.
Several equities analysts have recently weighed in on TGT shares. Loop Capital set a $102.00 target price on shares of Target and gave the company a “hold” rating in a report on Friday, August 17th. UBS Group lifted their price target on shares of Target from $76.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 17th. Guggenheim reissued a “hold” rating on shares of Target in a research note on Wednesday, August 22nd. Zacks Investment Research raised shares of Target from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Tuesday, August 7th. Finally, Deutsche Bank set a $90.00 price target on shares of Target and gave the company a “hold” rating in a research note on Saturday, August 25th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $88.74.
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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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