Target Co. (NYSE:TGT) Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC grew its holdings in shares of Target Co. (NYSE:TGT) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,307,062 shares of the retailer’s stock after purchasing an additional 2,229 shares during the period. Voya Investment Management LLC owned approximately 0.29% of Target worth $176,689,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Hopwood Financial Services Inc. acquired a new stake in Target in the fourth quarter valued at $29,000. Bernard Wealth Management Corp. acquired a new stake in shares of Target in the fourth quarter valued at about $30,000. MCF Advisors LLC boosted its holdings 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 buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its position in Target by 110.7% during the fourth 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, Legacy Investment Solutions LLC increased its holdings in Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after buying an additional 85 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TGT shares. DA Davidson decreased their price target on Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Robert W. Baird lowered Target from an “outperform” rating to a “neutral” rating and set a $110.00 target price on the stock. in a report on Monday, April 7th. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Baird R W lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Finally, Cfra Research downgraded shares of Target from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $132.37.

Target Trading Down 2.1 %

TGT stock opened at $92.16 on Thursday. Target Co. has a 52 week low of $87.35 and a 52 week high of $167.40. The company has a market cap of $41.98 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 1.94 and a beta of 1.28. 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 business has a fifty day simple moving average of $106.90 and a 200-day simple moving average of $128.68.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate 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 research analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued 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 dividend yield of 4.86%. Target’s payout ratio is 50.56%.

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.