Impax Asset Management Group plc Boosts Holdings in Target Co. (NYSE:TGT)

Impax Asset Management Group plc boosted its stake in Target Co. (NYSE:TGT) by 12.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,325 shares of the retailer’s stock after buying an additional 29,878 shares during the quarter. Impax Asset Management Group plc owned approximately 0.06% of Target worth $36,678,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Target in the 3rd quarter valued at $28,000. FSA Wealth Management LLC acquired a new stake in shares of Target in the third quarter valued at about $36,000. Catalyst Capital Advisors LLC purchased a new position in shares of Target in the third quarter worth about $38,000. MCF Advisors LLC boosted its position in Target by 175.3% during 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 last quarter. Finally, Raleigh Capital Management Inc. grew its stake in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Down 2.9 %

Shares of NYSE:TGT opened at $124.40 on Monday. The company has a market cap of $57.00 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm’s 50-day simple moving average is $134.41 and its 200-day simple moving average is $142.80. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TGT. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Saturday. 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 report on Thursday, November 21st. JPMorgan Chase & Co. reduced their target price on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Finally, Roth Mkm lowered their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $157.70.

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.