Robeco Institutional Asset Management B.V. Has $20.64 Million Stock Holdings in Target Co. (NYSE:TGT)

Robeco Institutional Asset Management B.V. lessened its holdings in Target Co. (NYSE:TGT) by 57.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 152,679 shares of the retailer’s stock after selling 202,538 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Target were worth $20,639,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Gateway Wealth Partners LLC boosted its holdings in shares of Target by 16.4% in the 4th quarter. Gateway Wealth Partners LLC now owns 1,781 shares of the retailer’s stock valued at $241,000 after purchasing an additional 251 shares in the last quarter. SteelPeak Wealth LLC boosted its holdings in shares of Target by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 3,317 shares of the retailer’s stock valued at $448,000 after acquiring an additional 103 shares in the last quarter. Jeppson Wealth Management LLC boosted its holdings in shares of Target by 38.5% during the 4th quarter. Jeppson Wealth Management LLC now owns 2,037 shares of the retailer’s stock valued at $275,000 after acquiring an additional 566 shares in the last quarter. Curbstone Financial Management Corp boosted its holdings in shares of Target by 1.2% during the 4th quarter. Curbstone Financial Management Corp now owns 11,272 shares of the retailer’s stock valued at $1,524,000 after acquiring an additional 138 shares in the last quarter. Finally, Griffin Asset Management Inc. boosted its holdings in shares of Target by 1.2% during the 4th quarter. Griffin Asset Management Inc. now owns 63,254 shares of the retailer’s stock valued at $8,551,000 after acquiring an additional 757 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the topic of several recent research reports. Truist Financial raised their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. TD Cowen cut their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Citigroup raised their price objective on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. BMO Capital Markets cut their price objective on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 target price on shares of Target in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Stock Performance

Shares of Target stock opened at $137.82 on Friday. Target Co. has a one year low of $120.21 and a one year high of $181.86. The firm has a market capitalization of $63.15 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.28 and a beta of 1.16. The business has a 50-day simple moving average of $134.54 and a 200 day simple moving average of $144.58. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last released 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 company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 EPS. On average, research analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared 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 3.25%. Target’s dividend payout ratio (DPR) 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.