Stevens Capital Management LP grew its holdings in Target Co. (NYSE:TGT - Free Report) by 185.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,628 shares of the retailer's stock after purchasing an additional 9,502 shares during the period. Target comprises about 0.8% of Stevens Capital Management LP's investment portfolio, making the stock its 24th biggest holding. Stevens Capital Management LP's holdings in Target were worth $1,977,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in shares of Target during the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. purchased a new stake in Target during the fourth quarter valued at $29,000. MCF Advisors LLC lifted 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 acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its position in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 79.73% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently weighed in on TGT shares. Guggenheim increased their price objective on shares of Target from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Roth Capital set a $122.00 price target on shares of Target in a research report on Wednesday, March 5th. Sanford C. Bernstein reissued a "market perform" rating on shares of Target in a research report on Wednesday, March 5th. Jefferies Financial Group decreased their target price on Target from $165.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Finally, Oppenheimer cut their price target on Target from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $145.55.
Get Our Latest Stock Report on Target
Target Trading Up 0.4 %
TGT traded up $0.40 during trading on Thursday, hitting $106.49. 5,012,720 shares of the stock were exchanged, compared to its average volume of 4,972,450. 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 firm has a 50 day simple moving average of $123.56 and a 200 day simple moving average of $136.87. The firm has a market cap of $48.51 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a 1 year low of $101.76 and a 1 year high of $181.86.
Target (NYSE:TGT - Get Free Report) last announced 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 return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. As a group, equities analysts expect that Target Co. will post 8.69 EPS for the current year.
Target Announces Dividend
The firm 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 $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.21%. Target's payout ratio is presently 50.56%.
Target Company Profile
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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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