Fjarde AP Fonden Fourth Swedish National Pension Fund Has $17.90 Million Holdings in Target Co. (NYSE:TGT)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in shares of Target Co. (NYSE:TGT) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 132,397 shares of the retailer’s stock after selling 1,110 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Target were worth $17,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MONECO Advisors LLC lifted its holdings in shares of Target by 8.1% in the 4th quarter. MONECO Advisors LLC now owns 2,536 shares of the retailer’s stock worth $343,000 after purchasing an additional 189 shares in the last quarter. Howard Capital Management Inc. lifted its stake in Target by 8.1% during the 4th quarter. Howard Capital Management Inc. now owns 3,084 shares of the retailer’s stock valued at $417,000 after acquiring an additional 230 shares in the last quarter. Integral Investment Advisors Inc. lifted its stake in Target by 24.8% during the 4th quarter. Integral Investment Advisors Inc. now owns 1,725 shares of the retailer’s stock valued at $233,000 after acquiring an additional 343 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. bought a new position in Target during the 4th quarter valued at $206,000. Finally, Winebrenner Capital Management LLC purchased a new stake in shares of Target during the 4th quarter valued at $1,390,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 2.9 %

Shares of TGT opened at $124.40 on Friday. The firm has a market cap of $57.00 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15. The stock has a 50 day simple moving average of $134.41 and a two-hundred day simple moving average of $142.74. 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 Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings data 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 company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company posted $2.10 EPS. On average, analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.60%. Target’s dividend payout ratio is presently 47.51%.

Analyst Upgrades and Downgrades

TGT has been the subject of several research analyst reports. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company decreased their target price on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Oppenheimer reissued an “outperform” rating and issued a $165.00 price objective on shares of Target in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $157.70.

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.