Gulf International Bank UK Ltd Sells 394 Shares of Target Co. (NYSE:TGT)

Gulf International Bank UK Ltd trimmed its stake in shares of Target Co. (NYSE:TGT) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,112 shares of the retailer’s stock after selling 394 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Target were worth $4,881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cynosure Group LLC increased its holdings in shares of Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after buying an additional 65 shares in the last quarter. Financial Advocates Investment Management grew its position in Target by 1.2% during the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after acquiring an additional 67 shares during the last quarter. Hancock Whitney Corp increased its holdings in Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after purchasing an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC increased its holdings in Target by 1.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after purchasing an additional 73 shares in the last quarter. Finally, Proffitt & Goodson Inc. raised its position in Target by 2.2% in the third quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock valued at $539,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Down 1.0 %

TGT stock opened at $122.80 on Friday. The stock’s 50 day simple moving average is $133.91 and its 200 day simple moving average is $142.42. The company has a market cap of $56.27 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. BMO Capital Markets lowered their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on shares of Target from $139.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Guggenheim raised their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and an average target price of $157.93.

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.