Target Co. (TGT) Holdings Reduced by Legg Mason Asset Management Japan Co. Ltd.

Legg Mason Asset Management Japan Co. Ltd. cut its holdings in shares of Target Co. (NYSE:TGT) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,200 shares of the retailer’s stock after selling 700 shares during the quarter. Target accounts for about 1.4% of Legg Mason Asset Management Japan Co. Ltd.’s investment portfolio, making the stock its 10th largest holding. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Target were worth $1,137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TGT. Oregon Public Employees Retirement Fund boosted its position in Target by 5,697.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,484,117 shares of the retailer’s stock worth $280,000 after acquiring an additional 18,165,298 shares during the period. AQR Capital Management LLC boosted its position in Target by 114.5% during the 3rd quarter. AQR Capital Management LLC now owns 10,474,816 shares of the retailer’s stock worth $923,984,000 after acquiring an additional 5,590,395 shares during the period. Boston Partners purchased a new stake in shares of Target during the 4th quarter worth about $310,033,000. BlackRock Inc. raised its stake in shares of Target by 3.2% during the 4th quarter. BlackRock Inc. now owns 43,222,017 shares of the retailer’s stock worth $2,856,544,000 after purchasing an additional 1,334,425 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Target by 61.8% during the 4th quarter. Bank of Montreal Can now owns 2,304,536 shares of the retailer’s stock worth $152,306,000 after purchasing an additional 880,424 shares in the last quarter. Hedge funds and other institutional investors own 82.08% of the company’s stock.

Shares of TGT stock opened at $76.66 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.20 and a debt-to-equity ratio of 1.08. Target Co. has a twelve month low of $60.15 and a twelve month high of $90.39. The company has a market capitalization of $39.85 billion, a P/E ratio of 14.22, a P/E/G ratio of 2.09 and a beta of 0.66.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.01. Target had a return on equity of 25.74% and a net margin of 3.90%. The business had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.05 billion. During the same period last year, the business earned $1.37 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, research analysts forecast that Target Co. will post 5.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is 47.50%.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Target from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Friday, March 8th. ValuEngine downgraded Target from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. BMO Capital Markets set a $70.00 price target on Target and gave the stock a “hold” rating in a research note on Tuesday, November 20th. Deutsche Bank raised their price target on Target from $80.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $88.00 price target (up from $86.00) on shares of Target in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $87.25.

In related news, insider Cathy R. Smith sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $74.00, for a total value of $2,220,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by company insiders.

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Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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