UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 62,916 Shares of Target Co. (NYSE:TGT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Target Co. (NYSE:TGT) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,321,055 shares of the retailer’s stock after purchasing an additional 62,916 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.72% of Target worth $517,620,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Triad Wealth Partners LLC bought a new stake in Target in the 2nd quarter valued at about $25,000. Slocum Gordon & Co LLP bought a new stake in Target in the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC bought a new stake in Target in the 2nd quarter valued at about $31,000. Wolff Wiese Magana LLC raised its stake in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Target in the 2nd quarter valued at about $37,000. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

NYSE:TGT opened at $130.09 on Friday. The business has a 50 day moving average of $149.31 and a 200 day moving average of $148.78. The company has a market capitalization of $59.93 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 2.14 and a beta of 1.24. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.10 EPS. On average, sell-side analysts predict that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 3.44%. Target’s payout ratio is currently 47.51%.

Insider Buying and Selling at Target

In other Target news, insider Richard H. Gomez sold 6,348 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the sale, the insider now owns 123,551 shares in the company, valued at approximately $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of a number of research reports. Roth Mkm lowered their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Bank of America reduced their target price on Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Jefferies Financial Group lifted their target price on Target from $190.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Melius Research started coverage on Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $160.30.

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.