Pictet Asset Management Holding SA Has $37 Million Stock Holdings in Target Co. (NYSE:TGT)

Pictet Asset Management Holding SA increased its position in Target Co. (NYSE:TGT) by 11.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 273,699 shares of the retailer’s stock after acquiring an additional 29,151 shares during the period. Pictet Asset Management Holding SA’s holdings in Target were worth $36,999,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TGT. Kathmere Capital Management LLC boosted its holdings in shares of Target by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after acquiring an additional 73 shares in the last quarter. Horrell Capital Management Inc. raised its position in Target by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock valued at $3,603,000 after purchasing an additional 76 shares during the last quarter. First PREMIER Bank boosted its stake in shares of Target by 21.9% during the fourth quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock valued at $61,000 after purchasing an additional 80 shares in the last quarter. Winch Advisory Services LLC grew its holdings in shares of Target by 34.5% during the fourth quarter. Winch Advisory Services LLC now owns 320 shares of the retailer’s stock worth $43,000 after purchasing an additional 82 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in shares of Target by 0.4% in the fourth quarter. CENTRAL TRUST Co now owns 18,593 shares of the retailer’s stock valued at $2,513,000 after buying an additional 82 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on TGT. JPMorgan Chase & Co. reduced their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Citigroup reduced their price objective on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Target in a research report on Wednesday, March 5th. Evercore ISI reduced their price target on Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a research report on Wednesday, March 5th. Finally, KGI Securities set a $132.00 price objective on Target in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Target presently has an average rating of “Hold” and an average price target of $143.40.

Target Price Performance

Shares of TGT opened at $103.63 on Monday. The business’s fifty day moving average is $122.96 and its 200 day moving average is $136.39. Target Co. has a 12-month low of $101.76 and a 12-month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market cap of $47.21 billion, a P/E ratio of 10.99, a P/E/G ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Sell-side analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is currently 50.56%.

About Target

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.