Jump Financial LLC trimmed its position in Target Co. (NYSE:TGT - Free Report) by 48.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,147 shares of the retailer's stock after selling 5,854 shares during the period. Jump Financial LLC's holdings in Target were worth $831,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in Target during the fourth quarter worth approximately $30,000. Hopwood Financial Services Inc. purchased a new stake in Target during the 4th quarter worth approximately $29,000. MCF Advisors LLC grew its holdings 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 acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its position 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 in the last quarter. Finally, Legacy Investment Solutions LLC lifted its position 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 buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.
Target Trading Down 2.1 %
TGT stock traded down $1.95 during midday trading on Wednesday, reaching $92.16. The company's stock had a trading volume of 9,104,028 shares, compared to its average volume of 5,656,090. The business's 50-day simple moving average is $107.61 and its 200-day simple moving average is $128.93. Target Co. has a 52 week low of $87.35 and a 52 week high of $168.01. The stock has a market cap of $41.98 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. 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 (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping 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 company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. As a group, sell-side analysts expect that Target Co. will post 8.69 EPS for the current year.
Target Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders 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 dividend on an annualized basis and a yield of 4.86%. Target's payout ratio is currently 50.56%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on TGT. Sanford C. Bernstein reissued a "market perform" rating on shares of Target in a research note on Wednesday, March 5th. Gordon Haskett downgraded Target from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Stifel Nicolaus dropped their target price on Target from $130.00 to $120.00 and set a "hold" rating on the stock in a report on Thursday, March 20th. 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. Finally, Roth Mkm reaffirmed a "neutral" rating and issued a $122.00 price target (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Target presently has an average rating of "Hold" and an average target price of $132.37.
Check Out Our Latest Research Report on Target
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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