J. Goldman & Co LP cut its stake in Target Co. (NYSE:TGT - Free Report) by 94.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,990 shares of the retailer's stock after selling 32,378 shares during the period. J. Goldman & Co LP's holdings in Target were worth $269,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors grew its holdings in shares of Target by 6.3% during the fourth quarter. Capital World Investors now owns 21,930,569 shares of the retailer's stock valued at $2,964,565,000 after buying an additional 1,306,552 shares in the last quarter. FMR LLC increased its holdings in shares of 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 purchasing an additional 1,358,348 shares during the period. Geode Capital Management LLC lifted its position in shares of Target by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer's stock worth $1,332,317,000 after purchasing an additional 470,990 shares in the last quarter. Norges Bank acquired a new stake in shares of Target during the fourth quarter worth approximately $757,892,000. Finally, Northern Trust Corp grew its position in Target by 16.3% during the fourth quarter. Northern Trust Corp now owns 5,376,640 shares of the retailer's stock valued at $726,814,000 after purchasing an additional 754,883 shares in the last quarter. Institutional investors own 79.73% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on TGT. DA Davidson lowered their price target on shares of Target from $153.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. UBS Group reduced their price target on Target from $170.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. StockNews.com downgraded Target from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Evercore ISI reduced their target price on shares of Target from $130.00 to $120.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Finally, Mizuho began coverage on shares of Target in a research note on Friday, April 11th. They set a "neutral" rating and a $92.00 price target on the stock. Two 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. Based on data from MarketBeat.com, Target currently has an average rating of "Hold" and a consensus price target of $128.13.
Read Our Latest Stock Analysis on TGT
Target Price Performance
Shares of NYSE TGT traded up $1.49 during mid-day trading on Friday, hitting $98.56. 6,355,230 shares of the stock were exchanged, compared to its average volume of 5,896,679. The company has a market cap of $44.78 billion, a P/E ratio of 10.45, a PEG ratio of 1.94 and a beta of 1.27. 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 Co. has a twelve month low of $87.35 and a twelve month high of $167.40. The stock's fifty day simple moving average is $98.53 and its two-hundred day simple moving average is $122.38.
Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion for the quarter, compared to analysts' expectations of $30.83 billion. As a group, analysts forecast that Target Co. will post 8.69 EPS for the current fiscal 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 paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio (DPR) is presently 50.56%.
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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