E. Ohman J or Asset Management AB Grows Stock Holdings in Target Co. (NYSE:TGT)

E. Ohman J or Asset Management AB boosted its holdings in Target Co. (NYSE:TGT) by 13.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,660 shares of the retailer’s stock after buying an additional 2,500 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Target were worth $2,793,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC raised its holdings in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter worth approximately $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target in the 3rd quarter valued at $38,000. Finally, MCF Advisors LLC grew its position in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT stock opened at $135.57 on Wednesday. The stock has a fifty day moving average price of $134.87 and a 200 day moving average price of $144.21. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market cap of $62.12 billion, a PE ratio of 14.38, a P/E/G ratio of 2.24 and a beta of 1.15. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

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 the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned $2.10 EPS. Sell-side analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.30%. Target’s dividend payout ratio is presently 47.51%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TGT shares. Citigroup boosted their price target on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Wells Fargo & Company decreased their target price on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Evercore ISI cut their price target on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. BMO Capital Markets decreased their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $157.70.

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.