Graham Capital Management L.P. acquired a new stake in Target Co. (NYSE:TGT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,300 shares of the retailer's stock, valued at approximately $2,068,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Capital World Investors raised its holdings 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 in the last quarter. FMR LLC increased its holdings 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 buying an additional 1,358,348 shares during the period. Geode Capital Management LLC raised its position in shares of 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 buying an additional 470,990 shares in the last quarter. Norges Bank bought a new stake in shares of Target during the 4th quarter worth approximately $757,892,000. Finally, Northern Trust Corp boosted its position in shares of Target by 16.3% during the 4th quarter. Northern Trust Corp now owns 5,376,640 shares of the retailer's stock worth $726,814,000 after acquiring an additional 754,883 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.
Target Stock Up 1.8%
NYSE:TGT traded up $1.69 on Thursday, hitting $96.95. The stock had a trading volume of 8,337,410 shares, compared to its average volume of 5,881,520. Target Co. has a 1 year low of $87.35 and a 1 year high of $167.40. The firm's fifty day simple moving average is $98.86 and its two-hundred day simple moving average is $122.74. 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 $44.05 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27.
Target (NYSE:TGT - Get Free Report) last issued its quarterly 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. The business had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Analysts predict that Target Co. will post 8.69 earnings per share for the current year.
Target Dividend Announcement
The company 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 dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.62%. Target's dividend payout ratio is presently 50.56%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on TGT shares. Baird R W downgraded Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Wells Fargo & Company decreased their price target on shares of Target from $150.00 to $135.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Robert W. Baird cut Target from an "outperform" rating to a "neutral" rating and set a $110.00 price target for the company. in a research note on Monday, April 7th. Sanford C. Bernstein lowered Target from a "market perform" rating to an "underperform" rating and cut their price target for the company from $97.00 to $82.00 in a research note on Monday. Finally, Oppenheimer dropped their price objective on shares of Target from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of "Hold" and a consensus target price of $128.63.
View Our Latest 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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