UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Target Co. (NYSE:TGT - Free Report) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,798,816 shares of the retailer's stock after purchasing an additional 477,761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.83% of Target worth $513,524,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of TGT. Hopwood Financial Services Inc. purchased a new stake in Target during the fourth quarter worth approximately $29,000. Bernard Wealth Management Corp. acquired a new position in shares of Target during the 4th quarter valued at $30,000. MCF Advisors LLC boosted its position in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. increased its holdings in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC raised its position 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 purchasing an additional 85 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
TGT has been the subject of several analyst reports. Oppenheimer decreased their target price on Target from $165.00 to $150.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Cfra Research lowered Target from a "moderate buy" rating to a "hold" rating in a research report on Thursday, April 17th. Royal Bank of Canada lowered their price objective on shares of Target from $112.00 to $103.00 and set an "outperform" rating for the company in a research report on Thursday. Barclays began coverage on shares of Target in a research note on Thursday. They set an "equal weight" rating on the stock. Finally, Citigroup decreased their target price on shares of Target from $97.00 to $94.00 and set a "neutral" rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $117.97.
Check Out Our Latest Stock Analysis on TGT
Target Price Performance
Shares of NYSE TGT traded down $0.76 during mid-day trading on Monday, reaching $94.30. The company had a trading volume of 7,371,358 shares, compared to its average volume of 6,007,003. The company has a 50-day moving average price of $97.28 and a two-hundred day moving average price of $119.76. The stock has a market cap of $42.85 billion, a PE ratio of 10.00, a P/E/G ratio of 1.94 and a beta of 1.27. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 1-year low of $87.35 and a 1-year high of $167.40.
Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). The company had revenue of $24.20 billion during the quarter, compared to analysts' expectations of $24.54 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.03 EPS. On average, equities analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.
Target Announces Dividend
The company also recently disclosed 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 4.75%. Target's dividend payout ratio is 49.23%.
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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