Cidel Asset Management Inc. Has $812,000 Stake in Target Co. (NYSE:TGT)

Cidel Asset Management Inc. increased its stake in Target Co. (NYSE:TGT) by 4.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,006 shares of the retailer’s stock after purchasing an additional 235 shares during the quarter. Cidel Asset Management Inc.’s holdings in Target were worth $812,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after purchasing an additional 1,981,458 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after purchasing an additional 1,502,200 shares during the period. FMR LLC increased its stake in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its position in shares of Target by 773.1% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock worth $129,795,000 after purchasing an additional 737,384 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TGT shares. TD Cowen decreased their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Wells Fargo & Company dropped their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Guggenheim lifted their price objective on Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price target on shares of Target in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Target currently has an average rating of “Hold” and a consensus target price of $157.70.

Target Trading Down 2.5 %

TGT opened at $131.29 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The stock has a market cap of $60.16 billion, a PE ratio of 13.92, a PEG ratio of 2.24 and a beta of 1.15. The business has a 50 day moving average of $135.24 and a 200-day moving average of $143.98.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $2.10 earnings per share. Equities research analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.41%. Target’s dividend payout ratio is currently 47.51%.

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.