Pictet Asset Management Holding SA Has $37 Million Holdings in Target Co. (NYSE:TGT)

Pictet Asset Management Holding SA grew its position in shares of Target Co. (NYSE:TGT) by 11.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 273,699 shares of the retailer’s stock after buying an additional 29,151 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of Target worth $36,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Nicholas Company Inc. lifted its stake in Target by 20.5% in the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock valued at $7,544,000 after acquiring an additional 9,485 shares during the last quarter. River Road Asset Management LLC boosted its holdings in Target by 144.9% in the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock worth $31,699,000 after purchasing an additional 138,751 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in Target during the fourth quarter valued at about $6,459,000. Wilmington Savings Fund Society FSB lifted its position in shares of Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after buying an additional 3,590 shares during the last quarter. Finally, Northeast Financial Group Inc. acquired a new position in shares of Target during the 4th quarter valued at about $1,566,000. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

NYSE:TGT opened at $103.63 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a market cap of $47.21 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a 12 month low of $101.76 and a 12 month high of $181.86. The company’s 50-day moving average price is $122.96 and its two-hundred day moving average price is $136.39.

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

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.32%. Target’s dividend payout ratio (DPR) is 50.56%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a research note on Wednesday, March 5th. Oppenheimer dropped their target price on shares of Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. UBS Group decreased their price target on shares of Target from $170.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Evercore ISI dropped their price objective on Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $143.40.

About Target

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.