Lighthouse Investment Partners LLC bought a new stake in shares of Target Co. (NYSE:TGT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 144,000 shares of the retailer's stock, valued at approximately $19,466,000.
Several other hedge funds have also bought and sold shares of TGT. Bernard Wealth Management Corp. bought a new stake in shares of Target in the 4th quarter worth approximately $30,000. Hopwood Financial Services Inc. bought a new stake in shares of Target in the 4th quarter worth approximately $29,000. MCF Advisors LLC lifted its holdings in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Finally, Legacy Investment Solutions LLC lifted its holdings in shares of Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after acquiring an additional 85 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.
Target Stock Up 1.5%
Shares of NYSE:TGT traded up $1.49 during midday trading on Friday, reaching $98.56. The company's stock had a trading volume of 6,355,230 shares, compared to its average volume of 5,906,992. The firm has a 50 day moving average of $98.24 and a 200-day moving average of $121.85. The firm has a market capitalization 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 quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 12-month low of $87.35 and a 12-month high of $167.40.
Target (NYSE:TGT - Get Free Report) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.
Target Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's dividend payout ratio (DPR) is presently 50.56%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on TGT shares. JPMorgan Chase & Co. lowered their price objective on shares of Target from $140.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Bank of America lowered their price objective on shares of Target from $160.00 to $145.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. UBS Group lowered their price objective on shares of Target from $170.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Guggenheim boosted their price objective on shares of Target from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group lowered shares of Target from a "buy" rating to a "neutral" rating and lowered their price target for the company from $142.00 to $101.00 in a report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Target currently has a consensus rating of "Hold" and a consensus target price of $128.13.
Read Our Latest Research Report 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.
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