Target Co. (NYSE:TGT) Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd cut its stake in shares of Target Co. (NYSE:TGT) by 33.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 209,395 shares of the retailer’s stock after selling 104,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Target were worth $28,306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp lifted its stake in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Target by 173.2% during the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after purchasing an additional 1,502,200 shares during the last quarter. FMR LLC lifted its stake in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its stake in Target by 773.1% during the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock worth $129,795,000 after purchasing an additional 737,384 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in Target during the third quarter worth approximately $106,493,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Up 1.5 %

Target stock opened at $124.37 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market capitalization of $56.99 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock’s fifty day moving average is $133.77 and its two-hundred day moving average is $142.39.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.60%. The ex-dividend date was Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TGT shares. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. TD Cowen reduced their price objective on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. BMO Capital Markets reduced their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. Evercore ISI reduced their price objective on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. Finally, Wells Fargo & Company reduced their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $157.93.

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.