Capitolis Liquid Global Markets LLC Sells 8,600 Shares of Target Co. (NYSE:TGT)

Capitolis Liquid Global Markets LLC decreased its holdings in shares of Target Co. (NYSE:TGT - Free Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 575,700 shares of the retailer's stock after selling 8,600 shares during the period. Capitolis Liquid Global Markets LLC owned 0.13% of Target worth $77,823,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors lifted its stake in shares of Target by 6.3% in the 4th quarter. Capital World Investors now owns 21,930,569 shares of the retailer's stock valued at $2,964,565,000 after purchasing an additional 1,306,552 shares during the period. FMR LLC boosted its holdings in shares of Target by 13.6% during the 4th quarter. FMR LLC now owns 11,338,729 shares of the retailer's stock valued at $1,532,769,000 after buying an additional 1,358,348 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Target by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer's stock worth $1,332,317,000 after buying an additional 470,990 shares during the period. Norges Bank bought a new position in shares of Target in the 4th quarter worth about $757,892,000. Finally, Northern Trust Corp lifted its position in Target by 16.3% during the 4th quarter. Northern Trust Corp now owns 5,376,640 shares of the retailer's stock valued at $726,814,000 after acquiring an additional 754,883 shares during the period. Institutional investors own 79.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. DA Davidson lowered their target price on shares of Target from $153.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their target price on Target from $140.00 to $105.00 and set a "neutral" rating on the stock in a report on Friday. The Goldman Sachs Group downgraded Target from a "buy" rating to a "neutral" rating and reduced their price target for the company from $142.00 to $101.00 in a report on Wednesday, April 16th. Roth Capital set a $122.00 price target on shares of Target in a research note on Wednesday, March 5th. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of Target in a research report on Wednesday, March 5th. One equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $131.20.

Target Price Performance

Shares of NYSE:TGT traded down $0.54 during trading on Friday, hitting $96.39. 4,612,895 shares of the company's stock were exchanged, compared to its average volume of 5,805,287. The business's 50-day simple moving average is $99.88 and its 200 day simple moving average is $123.63. The company has a market cap of $43.80 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.94 and a beta of 1.27. Target Co. has a 52-week low of $87.35 and a 52-week high of $167.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. The firm 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%. As a group, equities analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Wednesday, May 14th. Target's payout ratio is presently 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.