Lansforsakringar Fondforvaltning AB publ Increases Stock Holdings in Target Corporation $TGT

Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of Target Corporation (NYSE:TGT) by 6.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,256 shares of the retailer’s stock after purchasing an additional 9,572 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Target were worth $13,478,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TGT. WFA of San Diego LLC purchased a new position in Target in the 2nd quarter valued at approximately $25,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Target in the third quarter valued at $27,000. Tripletail Wealth Management LLC purchased a new position in Target in the third quarter valued at $31,000. Key Financial Inc grew its stake in Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares in the last quarter. Finally, VSM Wealth Advisory LLC raised its position in Target by 1,113.8% in the 2nd quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock valued at $35,000 after purchasing an additional 323 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. BMO Capital Markets dropped their price objective on Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a report on Thursday, November 20th. TD Cowen decreased their target price on Target from $105.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, November 20th. JPMorgan Chase & Co. lowered their price target on Target from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Finally, Citigroup raised their price objective on shares of Target from $89.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Ten equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and an average target price of $105.03.

Target Stock Down 3.1%

Shares of NYSE:TGT opened at $113.04 on Tuesday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $127.89. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The firm’s 50-day simple moving average is $106.40 and its 200-day simple moving average is $97.44. The company has a market cap of $51.19 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 11.93 and a beta of 1.14.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, February 11th. Target’s dividend payout ratio (DPR) is presently 55.34%.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.