Siemens Fonds Invest GmbH reduced its position in shares of Target Co. (NYSE:TGT - Free Report) by 61.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,209 shares of the retailer's stock after selling 3,500 shares during the period. Siemens Fonds Invest GmbH's holdings in Target were worth $279,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new position in Target in the fourth quarter valued at about $29,000. Bernard Wealth Management Corp. purchased a new position in Target in the fourth quarter valued at about $30,000. MCF Advisors LLC increased its holdings in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock valued at $35,000 after buying an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC increased its holdings in Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after buying an additional 85 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.
Target Stock Up 1.5%
Shares of TGT opened at $98.56 on Monday. The firm has a market cap of $44.78 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The company's fifty day moving average is $98.24 and its two-hundred day moving average is $121.65. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. 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 announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Analysts forecast that Target Co. will post 8.69 earnings per share for the current year.
Target Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.55%. Target's payout ratio is 50.56%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on TGT shares. Evercore ISI dropped their target price on shares of Target from $130.00 to $120.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Sanford C. Bernstein lowered shares of Target from a "market perform" rating to an "underperform" rating and lowered their price target for the company from $97.00 to $82.00 in a research report on Monday, May 12th. Citigroup reiterated a "neutral" rating and issued a $97.00 price target (up from $95.00) on shares of Target in a research report on Wednesday. UBS Group lowered their price target on shares of Target from $170.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, Telsey Advisory Group lowered their price target on shares of Target from $145.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Target presently has an average rating of "Hold" and a consensus target price of $128.13.
Check Out Our Latest Stock Analysis on TGT
Target 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.
Further Reading
Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGT - Free Report).
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