Impax Asset Management Group plc Increases Holdings in Target Co. (NYSE:TGT)

Impax Asset Management Group plc increased its position in shares of Target Co. (NYSE:TGT) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 271,325 shares of the retailer’s stock after purchasing an additional 29,878 shares during the quarter. Impax Asset Management Group plc’s holdings in Target were worth $36,678,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of 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 acquiring an additional 2,732,801 shares during the last quarter. FMR LLC increased its stake in shares of Target by 11.7% during the 3rd 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 in the last quarter. Geode Capital Management LLC raised its position in shares of Target by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after purchasing an additional 130,691 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Target by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock valued at $517,620,000 after purchasing an additional 62,916 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Target by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock worth $475,914,000 after purchasing an additional 56,695 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $124.40 on Monday. 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 business has a 50 day moving average of $134.41 and a two-hundred day moving average of $142.80. The company has a market cap of $57.00 billion, a P/E ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.60%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Evercore ISI reduced their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. JPMorgan Chase & Co. lowered their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Saturday. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Target in a report on Friday, January 17th. Finally, Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and cut their price target for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $157.70.

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.