Banco de Sabadell S.A Increases Stock Holdings in Target Co. (NYSE:TGT)

Banco de Sabadell S.A boosted its holdings in Target Co. (NYSE:TGT) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,185 shares of the retailer’s stock after buying an additional 1,680 shares during the period. Target accounts for approximately 1.7% of Banco de Sabadell S.A’s holdings, making the stock its 23rd largest holding. Banco de Sabadell S.A’s holdings in Target were worth $2,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC purchased a new stake in Target in the third quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Target in the 4th quarter valued at $29,000. MCF Advisors LLC grew its stake in shares of Target by 175.3% during 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 period. Raleigh Capital Management Inc. raised its position in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in Target in the third quarter valued at $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TGT. Stifel Nicolaus decreased their price objective on shares of Target from $130.00 to $120.00 and set a “hold” rating for the company in a research note on Thursday. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. The Goldman Sachs Group reduced their price target on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Finally, DA Davidson decreased their target price on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Target currently has a consensus rating of “Hold” and a consensus price target of $145.55.

Target Price Performance

Shares of Target stock opened at $104.29 on Friday. Target Co. has a 52 week low of $101.76 and a 52 week high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $125.89 and its two-hundred day moving average price is $138.03. The stock has a market cap of $47.51 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, sell-side analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is 50.56%.

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.