Securian Asset Management Inc. Has $3.35 Million Stock Position in Target Co. (NYSE:TGT)

Securian Asset Management Inc. lessened its holdings in shares of Target Co. (NYSE:TGT) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,758 shares of the retailer’s stock after selling 829 shares during the period. Securian Asset Management Inc.’s holdings in Target were worth $3,347,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Target during the 3rd quarter worth about $28,000. Hopwood Financial Services Inc. bought a new position in shares of Target during the fourth quarter worth about $29,000. MCF Advisors LLC lifted its stake in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its holdings 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. Finally, FSA Wealth Management LLC bought a new stake in Target in the third quarter valued at approximately $36,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 4.8 %

Shares of Target stock opened at $107.31 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $130.62 and a 200 day simple moving average of $140.51. Target Co. has a 12-month low of $107.02 and a 12-month high of $181.86. The company has a market capitalization of $49.17 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. On average, sell-side analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.17%. Target’s payout ratio is presently 50.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TGT shares. JPMorgan Chase & Co. dropped their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Telsey Advisory Group decreased their price target on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. TD Cowen dropped their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Finally, KGI Securities set a $132.00 target price on Target in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $145.87.

Target 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.