Grantham Mayo Van Otterloo & Co. LLC Acquires 40,899 Shares of Target Co. (NYSE:TGT)

Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Target Co. (NYSE:TGT - Free Report) by 96.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,515 shares of the retailer's stock after acquiring an additional 40,899 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Target were worth $11,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Aviva PLC lifted its position in Target by 0.5% during the 4th quarter. Aviva PLC now owns 456,247 shares of the retailer's stock valued at $61,675,000 after acquiring an additional 2,122 shares during the period. Oarsman Capital Inc. boosted its stake in Target by 10.9% during the 4th quarter. Oarsman Capital Inc. now owns 14,202 shares of the retailer's stock valued at $1,920,000 after purchasing an additional 1,392 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Target in the 4th quarter worth $20,840,000. Savoir Faire Capital Management L.P. lifted its holdings in shares of Target by 78.1% during the fourth quarter. Savoir Faire Capital Management L.P. now owns 66,033 shares of the retailer's stock valued at $8,926,000 after purchasing an additional 28,951 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Target during the fourth quarter valued at $839,000. Institutional investors own 79.73% of the company's stock.

Target Trading Down 6.1 %

Shares of NYSE:TGT traded down $6.01 during trading hours on Thursday, hitting $91.68. 5,525,433 shares of the company's stock traded hands, compared to its average volume of 5,478,509. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The business has a fifty day moving average price of $114.70 and a 200-day moving average price of $132.73. Target Co. has a 1 year low of $87.35 and a 1 year high of $173.05. The firm has a market capitalization of $41.77 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

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Target (NYSE:TGT - Get Free Report) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Equities analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio is presently 50.56%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Gordon Haskett lowered Target from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. KGI Securities set a $132.00 price objective on shares of Target in a research report on Wednesday, March 5th. Roth Capital set a $122.00 target price on shares of Target in a research report on Wednesday, March 5th. DA Davidson lowered their price target on Target from $153.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Finally, StockNews.com downgraded Target from a "buy" rating to a "hold" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, twenty have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $136.03.

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.