Tokio Marine Asset Management Co. Ltd. Purchases 716 Shares of Target Co. (NYSE:TGT)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Target Co. (NYSE:TGT) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,710 shares of the retailer’s stock after purchasing an additional 716 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Target were worth $1,981,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TGT. Financial Advocates Investment Management lifted its holdings in shares of Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after purchasing an additional 67 shares during the last quarter. Beacon Capital Management LLC raised its stake in Target by 20.8% during the second quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock valued at $59,000 after buying an additional 69 shares during the last quarter. Integral Investment Advisors Inc. raised its stake in Target by 5.3% during the second quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock valued at $203,000 after buying an additional 69 shares during the last quarter. Trust Co. of Vermont boosted its holdings in Target by 0.4% in the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after acquiring an additional 69 shares in the last quarter. Finally, Bruce G. Allen Investments LLC grew its stake in shares of Target by 9.7% in the second quarter. Bruce G. Allen Investments LLC now owns 806 shares of the retailer’s stock worth $119,000 after acquiring an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of a number of analyst reports. UBS Group upped their price target on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Oppenheimer dropped their target price on shares of Target from $200.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised their price target on shares of Target from $153.00 to $167.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Evercore ISI lowered their price objective on Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. Finally, Citigroup lifted their target price on Target from $180.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.47.

Insider Buying and Selling at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the transaction, the insider now directly owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the transaction, the insider now owns 123,551 shares of the company’s stock, valued at $19,418,510.67. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,348 shares of company stock worth $8,290,995. Insiders own 0.15% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT opened at $153.46 on Friday. The stock has a market cap of $70.69 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24. Target Co. has a 1 year low of $124.88 and a 1 year high of $181.86. The firm has a fifty day moving average price of $152.51 and a 200-day moving average price of $150.52. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The business had revenue of $25.02 billion for the quarter, compared to analysts’ expectations of $25.19 billion. During the same period last year, the firm earned $1.80 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts anticipate that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 2.92%. Target’s payout ratio is 46.28%.

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.