Cary Street Partners Financial LLC acquired a new position in shares of Target Co. (NYSE:TGT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,023 shares of the retailer's stock, valued at approximately $2,977,000.
Other hedge funds also recently added to or reduced their stakes in the company. Capital World Investors increased its position 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 acquiring an additional 1,306,552 shares during the period. FMR LLC lifted its stake in 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 acquiring an additional 1,358,348 shares during the period. Geode Capital Management LLC grew its holdings in Target by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer's stock worth $1,332,317,000 after acquiring an additional 470,990 shares during the period. Norges Bank purchased a new position in shares of Target during the 4th quarter valued at approximately $757,892,000. Finally, Northern Trust Corp boosted its holdings in Target by 16.3% during the fourth quarter. Northern Trust Corp now owns 5,376,640 shares of the retailer's stock worth $726,814,000 after buying an additional 754,883 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
TGT has been the subject of several research reports. Citigroup dropped their price objective on shares of Target from $120.00 to $95.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Baird R W downgraded Target from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Roth Capital set a $122.00 target price on Target in a research report on Wednesday, March 5th. Roth Mkm reissued a "neutral" rating and set a $122.00 price target (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. Finally, KGI Securities set a $132.00 price objective on shares of Target in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $129.20.
Get Our Latest Stock Report on Target
Target Stock Performance
TGT traded up $3.14 during trading on Monday, hitting $99.54. The company's stock had a trading volume of 4,372,831 shares, compared to its average volume of 5,800,284. Target Co. has a one year low of $87.35 and a one year high of $167.40. The firm has a market cap of $45.23 billion, a PE ratio of 10.55, a P/E/G ratio of 1.94 and a beta of 1.27. The business's 50 day simple moving average is $99.88 and its 200-day simple moving average is $123.45. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.
Target (NYSE:TGT - Get Free Report) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. As a group, sell-side analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.
Target Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. 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 4.50%. Target's dividend payout ratio is currently 50.56%.
About Target
(
Free Report)
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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