Achmea Investment Management B.V. Acquires 6,341 Shares of Target Co. (NYSE:TGT)

Achmea Investment Management B.V. lifted its holdings in shares of Target Co. (NYSE:TGT - Free Report) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,563 shares of the retailer's stock after acquiring an additional 6,341 shares during the quarter. Achmea Investment Management B.V.'s holdings in Target were worth $18,055,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the third quarter valued at approximately $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Target during the fourth quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new stake in shares of Target during the third quarter valued at approximately $36,000. MCF Advisors LLC increased its position in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after acquiring an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its position in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after buying an additional 135 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Up 0.2 %

Target stock traded up $0.21 during trading hours on Friday, hitting $104.71. 7,532,391 shares of the stock traded hands, compared to its average volume of 4,793,101. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm's 50-day moving average price is $129.35 and its two-hundred day moving average price is $139.75. Target Co. has a one year low of $103.46 and a one year high of $181.86. The company has a market cap of $47.70 billion, a PE ratio of 11.10, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion for the quarter, compared to analysts' expectations of $30.83 billion. On average, research analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.28%. Target's dividend payout ratio is currently 50.56%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TGT. Deutsche Bank Aktiengesellschaft downgraded Target from a "buy" rating to a "hold" rating and decreased their target price for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. BMO Capital Markets decreased their target price on Target from $160.00 to $120.00 and set a "market perform" rating for the company in a research report on Thursday, November 21st. Roth Capital set a $122.00 target price on Target in a research report on Wednesday, March 5th. Sanford C. Bernstein reissued a "market perform" rating on shares of Target in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group decreased their target price on Target from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $145.87.

Target Profile

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.