Raiffeisen Bank International AG Makes New $438,000 Investment in Target Co. (NYSE:TGT)

Raiffeisen Bank International AG acquired a new position in Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,240 shares of the retailer’s stock, valued at approximately $438,000.

A number of other institutional investors have also added to or reduced their stakes in TGT. Park Avenue Securities LLC grew its position in shares of Target by 26.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,351 shares of the retailer’s stock valued at $1,805,000 after acquiring an additional 2,766 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Target by 11.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,577 shares of the retailer’s stock worth $754,000 after buying an additional 590 shares during the period. Ritholtz Wealth Management boosted its holdings in Target by 14.0% in the 4th quarter. Ritholtz Wealth Management now owns 4,605 shares of the retailer’s stock worth $622,000 after buying an additional 565 shares during the period. Merit Financial Group LLC boosted its holdings in Target by 10.6% in the 4th quarter. Merit Financial Group LLC now owns 56,193 shares of the retailer’s stock worth $7,596,000 after buying an additional 5,408 shares during the period. Finally, Somerset Trust Co boosted its holdings in Target by 3.5% in the 4th quarter. Somerset Trust Co now owns 17,387 shares of the retailer’s stock worth $2,350,000 after buying an additional 590 shares during the period. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

TGT has been the subject of several analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $97.00 price objective (up from $95.00) on shares of Target in a report on Wednesday. Baird R W downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. The Goldman Sachs Group downgraded shares of Target from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $142.00 to $101.00 in a report on Wednesday, April 16th. Mizuho initiated coverage on shares of Target in a report on Friday, April 11th. They issued a “neutral” rating and a $92.00 price objective for the company. Finally, Guggenheim increased their target price on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Target presently has an average rating of “Hold” and an average target price of $128.13.

Target Price Performance

Shares of NYSE:TGT opened at $98.56 on Friday. The stock has a market cap of $44.78 billion, a PE ratio of 10.45, a PEG ratio of 1.94 and a beta of 1.27. The company’s fifty day moving average is $98.24 and its 200 day moving average is $121.85. Target Co. has a 52 week low of $87.35 and a 52 week high of $167.40. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

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.