Target Corporation $TGT Shares Acquired by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ grew its position in Target Corporation (NYSE:TGT) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,256 shares of the retailer’s stock after acquiring an additional 9,572 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Target were worth $13,478,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Raiffeisen Bank International AG raised its stake in Target by 90.0% in the 3rd quarter. Raiffeisen Bank International AG now owns 11,586 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 5,487 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Target by 26.7% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,810 shares of the retailer’s stock worth $252,000 after buying an additional 593 shares in the last quarter. Bridgewater Advisors Inc. raised its position in shares of Target by 10.2% in the third quarter. Bridgewater Advisors Inc. now owns 2,451 shares of the retailer’s stock valued at $219,000 after buying an additional 227 shares during the last quarter. NewEdge Wealth LLC lifted its stake in shares of Target by 54.2% in the third quarter. NewEdge Wealth LLC now owns 14,746 shares of the retailer’s stock worth $1,356,000 after buying an additional 5,184 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its position in Target by 22.5% during the third quarter. Alberta Investment Management Corp now owns 56,600 shares of the retailer’s stock worth $5,077,000 after acquiring an additional 10,400 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TGT. DA Davidson set a $120.00 target price on shares of Target in a research note on Monday, January 12th. JPMorgan Chase & Co. reduced their price objective on Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Evercore set a $105.00 target price on Target in a research note on Tuesday, February 17th. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Finally, Citigroup upped their price objective on shares of Target from $89.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Ten analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $105.03.

Target Stock Down 3.1%

Shares of TGT opened at $113.04 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. The firm has a market cap of $51.19 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 11.93 and a beta of 1.14. The company’s 50-day moving average price is $106.40 and its 200 day moving average price is $97.44. Target Corporation has a 12-month low of $83.44 and a 12-month high of $127.89.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.0%. Target’s dividend payout ratio (DPR) is presently 55.34%.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.