Mackenzie Financial Corp decreased its stake in shares of Target Co. (NYSE:TGT - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328,137 shares of the retailer's stock after selling 2,904 shares during the quarter. Mackenzie Financial Corp owned approximately 0.07% of Target worth $44,358,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of TGT. Forum Financial Management LP raised its holdings in shares of Target by 97.6% in the 4th quarter. Forum Financial Management LP now owns 5,939 shares of the retailer's stock valued at $803,000 after purchasing an additional 2,933 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Target in the fourth quarter valued at $1,353,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in Target in the fourth quarter valued at $2,621,000. Sunbelt Securities Inc. lifted its holdings in Target by 4.4% during the 4th quarter. Sunbelt Securities Inc. now owns 3,266 shares of the retailer's stock worth $441,000 after buying an additional 138 shares during the last quarter. Finally, GTS Securities LLC boosted its position in shares of Target by 114.8% during the 4th quarter. GTS Securities LLC now owns 7,371 shares of the retailer's stock worth $996,000 after acquiring an additional 57,085 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.
Target Price Performance
TGT stock traded down $0.94 during midday trading on Friday, hitting $93.93. 2,372,509 shares of the stock were exchanged, compared to its average volume of 6,011,598. The stock's 50-day moving average price is $96.49 and its 200-day moving average price is $118.65. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market cap of $42.68 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.94 and a beta of 1.27. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40.
Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.35). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same period last year, the firm earned $2.03 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts predict that Target Co. will post 8.69 earnings per share for the current year.
Target Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.77%. Target's dividend payout ratio is presently 49.23%.
Analysts Set New Price Targets
TGT has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Target from $97.00 to $94.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Bank of America lowered shares of Target from a "buy" rating to a "neutral" rating and dropped their price target for the company from $145.00 to $105.00 in a research note on Thursday, May 22nd. Baird R W cut shares of Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Gordon Haskett cut shares of Target from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, Mizuho dropped their price objective on Target from $92.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $116.68.
Check Out Our Latest Research Report on Target
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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