GAMMA Investing LLC raised its holdings in Target Co. (NYSE:TGT - Free Report) by 10,318.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 967,835 shares of the retailer's stock after acquiring an additional 958,545 shares during the quarter. GAMMA Investing LLC owned approximately 0.21% of Target worth $101,003,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of the business. Capital World Investors grew its position in 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 last quarter. FMR LLC grew its position in Target by 13.6% in 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 last quarter. Geode Capital Management LLC grew its position in Target by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer's stock valued at $1,332,317,000 after acquiring an additional 470,990 shares during the last quarter. Norges Bank bought a new position in Target in the 4th quarter valued at $757,892,000. Finally, Northern Trust Corp grew its position in Target by 16.3% in 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 last quarter. Institutional investors own 79.73% of the company's stock.
Target Stock Performance
Target stock traded down $0.46 during midday trading on Thursday, hitting $93.49. 4,759,471 shares of the company were exchanged, compared to its average volume of 6,037,027. The firm has a market capitalization of $42.48 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The business has a fifty day simple moving average of $95.38 and a two-hundred day simple moving average of $116.56. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.
Target (NYSE:TGT - Get Free Report) last posted its earnings results on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.35). The company had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm's revenue was down 2.8% on a year-over-year basis. During the same period last year, the business earned $2.03 earnings per share. On average, sell-side analysts forecast that Target Co. will post 8.69 earnings per share for the current year.
Target Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th were issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.79%. The ex-dividend date was Wednesday, May 14th. Target's payout ratio is currently 49.23%.
Insider Buying and Selling at Target
In other Target news, insider Brian C. Cornell sold 45,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the sale, the insider now directly owns 246,453 shares of the company's stock, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts have commented on TGT shares. Gordon Haskett downgraded Target from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Robert W. Baird set a $100.00 price target on Target in a research report on Thursday, May 22nd. Oppenheimer dropped their price target on Target from $165.00 to $150.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. BMO Capital Markets dropped their price target on Target from $100.00 to $95.00 and set a "market perform" rating on the stock in a research report on Thursday, May 22nd. Finally, Wall Street Zen cut Target from a "buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, twenty-five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Target currently has an average rating of "Hold" and a consensus price target of $116.70.
Read Our Latest Research Report on Target
Target Company Profile
(
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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