Boston Partners Has $14.55 Million Position in Target Co. (NYSE:TGT)

Boston Partners cut its stake in Target Co. (NYSE:TGT) by 92.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,628 shares of the retailer’s stock after selling 1,288,945 shares during the quarter. Boston Partners’ holdings in Target were worth $14,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TGT. Legacy Investment Solutions LLC acquired a new position in Target in the 3rd quarter worth about $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Target in the 4th quarter valued at approximately $29,000. FSA Wealth Management LLC acquired a new position in Target in the third quarter worth approximately $36,000. MCF Advisors LLC raised its position in 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 in the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TGT has been the topic of several analyst reports. Oppenheimer dropped their price target on shares of Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Sanford C. Bernstein restated a “market perform” rating on shares of Target in a report on Wednesday, March 5th. Jefferies Financial Group decreased their price target on Target from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, TD Cowen reduced their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $145.55.

Target Price Performance

NYSE:TGT opened at $104.19 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a 50-day moving average of $126.64 and a 200-day moving average of $138.47. Target Co. has a 52 week low of $103.46 and a 52 week high of $181.86. The company has a market capitalization of $47.47 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last announced 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. The firm had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, equities research analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is 50.56%.

Target Company 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.