Target Co. (NYSE:TGT) Holdings Raised by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its holdings in Target Co. (NYSE:TGT) by 16.7% in the 3rd quarter, Holdings Channel reports. The fund owned 21,794 shares of the retailer’s stock after purchasing an additional 3,113 shares during the period. Vinva Investment Management Ltd’s holdings in Target were worth $3,382,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after acquiring an additional 9,510 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in Target in the 3rd quarter worth about $967,000. TAP Consulting LLC purchased a new stake in Target in the 3rd quarter worth about $2,403,000. Finally, Olstein Capital Management L.P. lifted its stake in Target by 8.7% in the 3rd quarter. Olstein Capital Management L.P. now owns 50,000 shares of the retailer’s stock worth $7,793,000 after acquiring an additional 4,000 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of NYSE TGT opened at $130.09 on Friday. The company has a market cap of $59.93 billion, a P/E ratio of 13.80, a P/E/G ratio of 2.14 and a beta of 1.24. 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 12 month low of $120.21 and a 12 month high of $181.86. The business’s 50 day moving average is $149.31 and its two-hundred day moving average is $148.78.

Target (NYSE:TGT) last released its quarterly earnings data 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 firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.10 earnings per share. On average, equities analysts expect that Target Co. will post 8.6 EPS for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio is presently 47.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TGT shares. Citigroup downgraded Target from a “buy” rating to a “neutral” rating and cut their price target for the stock from $188.00 to $130.00 in a research note on Wednesday, November 20th. Guggenheim cut their price target on Target from $180.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Roth Mkm cut their price target on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $130.00 in a research note on Tuesday. Finally, Truist Financial raised their price target on Target from $156.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus target price of $160.30.

Insider Activity

In related news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now owns 123,551 shares of the company’s stock, valued at $19,418,510.67. The trade was a 4.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by company insiders.

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.