9,603 Shares in Target Co. (NYSE:TGT) Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP bought a new stake in Target Co. (NYSE:TGT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,603 shares of the retailer's stock, valued at approximately $1,298,000.

Other large investors also recently modified their holdings of the company. Nicholas Company Inc. raised its holdings in Target by 20.5% during the 4th quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer's stock worth $7,544,000 after buying an additional 9,485 shares during the period. River Road Asset Management LLC lifted its position in Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer's stock valued at $31,699,000 after acquiring an additional 138,751 shares in the last quarter. Sierra Summit Advisors LLC boosted its stake in Target by 29.0% in the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer's stock worth $1,940,000 after purchasing an additional 3,231 shares during the period. Mountain Hill Investment Partners Corp. bought a new position in Target during the 4th quarter worth about $6,459,000. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock valued at $2,430,000 after purchasing an additional 3,590 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Stock Up 2.2 %

TGT stock opened at $95.68 on Thursday. The stock has a market capitalization of $43.47 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $100.76 and a 200-day moving average price of $124.54. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, equities research analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.68%. Target's dividend payout ratio (DPR) is 50.56%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TGT shares. Wells Fargo & Company decreased their price objective on Target from $150.00 to $135.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Citigroup cut their price objective on shares of Target from $120.00 to $95.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Truist Financial decreased their target price on shares of Target from $124.00 to $82.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Bank of America reduced their price objective on shares of Target from $160.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their target price on Target from $146.00 to $140.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Target presently has a consensus rating of "Hold" and a consensus target price of $132.37.

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.

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