Nomura Asset Management Co. Ltd. Has $55.25 Million Position in Target Co. (NYSE:TGT)

Nomura Asset Management Co. Ltd. grew its holdings in Target Co. (NYSE:TGT) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 387,921 shares of the retailer’s stock after purchasing an additional 37,869 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.08% of Target worth $55,248,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Wealth Management Group LLC bought a new stake in shares of Target in the fourth quarter valued at about $29,000. Rakuten Securities Inc. bought a new stake in shares of Target in the fourth quarter valued at about $29,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Target in the fourth quarter valued at about $33,000. Partnership Wealth Management LLC bought a new stake in shares of Target in the fourth quarter valued at about $40,000. Finally, Friedenthal Financial bought a new stake in shares of Target in the fourth quarter valued at about $45,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TGT. Robert W. Baird reiterated an “outperform” rating and issued a $190.00 target price on shares of Target in a research note on Thursday. Gordon Haskett raised their price target on shares of Target from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Tigress Financial raised their price target on shares of Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Jefferies Financial Group raised their price target on shares of Target from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $195.00 price target on shares of Target in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.41.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the transaction, the insider now directly owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of the sale, the insider now directly owns 346,919 shares in the company, valued at $58,115,870.88. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock valued at $8,819,598 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

Target Trading Up 0.6 %

TGT traded up $0.82 during trading on Friday, reaching $145.23. 3,550,295 shares of the company’s stock were exchanged, compared to its average volume of 4,405,073. The company’s fifty day moving average price is $164.92 and its 200-day moving average price is $149.85. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.29 and a current ratio of 0.86. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86. The firm has a market capitalization of $67.19 billion, a PE ratio of 16.30, a P/E/G ratio of 1.34 and a beta of 1.16.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The firm had revenue of $24.14 billion for the quarter, compared to the consensus estimate of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 earnings per share. As a group, equities analysts forecast that Target Co. will post 9.39 EPS for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.03%. Target’s dividend payout ratio is 49.38%.

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.