Target Co. (TGT) Stake Held by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. continued to hold its stake in Target Co. (NYSE:TGT) during the first quarter, Holdings Channel reports. The institutional investor owned 40,956 shares of the retailer’s stock at the end of the first quarter. Amica Mutual Insurance Co.’s holdings in Target were worth $2,260,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Dodge & Cox acquired a new position in Target during the fourth quarter worth approximately $788,237,000. Norges Bank acquired a new position in Target during the fourth quarter worth approximately $460,220,000. Renaissance Technologies LLC acquired a new position in Target during the fourth quarter worth approximately $129,277,000. Equity Investment Corp Acquisition Inc acquired a new position in Target during the fourth quarter worth approximately $128,071,000. Finally, Two Sigma Advisers LP increased its position in Target by 652.1% in the third quarter. Two Sigma Advisers LP now owns 2,012,067 shares of the retailer’s stock worth $138,189,000 after buying an additional 1,744,553 shares during the last quarter. 88.53% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Target (NYSE:TGT)

Target Co. (NYSE TGT) traded up 0.92% during midday trading on Thursday, reaching $55.66. The company’s stock had a trading volume of 5,165,327 shares. Target Co. has a 12 month low of $52.72 and a 12 month high of $79.33. The stock’s 50-day moving average price is $55.49 and its 200-day moving average price is $63.41. The firm has a market capitalization of $30.71 billion, a price-to-earnings ratio of 11.41 and a beta of 0.63.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 17th. The retailer reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.30. The firm had revenue of $16.02 billion for the quarter, compared to the consensus estimate of $15.63 billion. Target had a net margin of 4.75% and a return on equity of 25.18%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. Analysts predict that Target Co. will post $4.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Shareholders of record on Wednesday, May 17th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.31%. The ex-dividend date is Monday, May 15th. Target’s payout ratio is 42.93%.

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A number of research analysts have recently commented on TGT shares. Instinet dropped their price objective on Target to $60.00 in a report on Wednesday, March 1st. Morgan Stanley dropped their price objective on Target from $65.00 to $52.00 and set an “underweight” rating on the stock in a report on Wednesday, March 1st. Stifel Nicolaus dropped their price objective on Target from $72.00 to $58.00 and set a “hold” rating on the stock in a report on Wednesday, March 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $56.00 price objective on shares of Target in a report on Wednesday, March 1st. Finally, Goldman Sachs Group Inc set a $53.00 price objective on Target and gave the company a “sell” rating in a report on Wednesday, March 1st. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.49.

In other Target news, insider Don H. Liu purchased 2,000 shares of the stock in a transaction dated Monday, March 6th. The shares were bought at an average cost of $57.00 per share, with a total value of $114,000.00. Following the completion of the transaction, the insider now owns 56,983 shares in the company, valued at approximately $3,248,031. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald R. Knauss purchased 10,000 shares of the stock in a transaction dated Thursday, March 9th. The stock was acquired at an average cost of $54.86 per share, for a total transaction of $548,600.00. Following the completion of the transaction, the director now owns 16,431 shares of the company’s stock, valued at approximately $901,404.66. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

About Target

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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