Nebula Research & Development LLC bought a new stake in shares of Target Co. (NYSE:TGT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 15,158 shares of the retailer's stock, valued at approximately $2,049,000.
A number of other large investors also recently made changes to their positions in the stock. Hopwood Financial Services Inc. acquired a new position in Target in the fourth quarter valued at about $29,000. Bernard Wealth Management Corp. bought a new stake in shares of Target in the 4th quarter valued at about $30,000. MCF Advisors LLC raised its position in shares of Target by 175.3% in the 4th 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 stake in Target by 110.7% during 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 grew its holdings in Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.
Analyst Upgrades and Downgrades
TGT has been the topic of a number of recent analyst reports. Gordon Haskett cut shares of Target from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Stifel Nicolaus lowered their price target on Target from $130.00 to $120.00 and set a "hold" rating for the company in a report on Thursday, March 20th. Citigroup cut their price objective on Target from $120.00 to $95.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Oppenheimer lowered their target price on Target from $165.00 to $150.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. 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 note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $132.37.
View Our Latest Stock Analysis on Target
Target Stock Up 1.5 %
Target stock traded up $1.40 during mid-day trading on Friday, reaching $96.71. The stock had a trading volume of 5,270,945 shares, compared to its average volume of 5,714,502. The firm has a market capitalization of $44.06 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The stock's 50-day simple moving average is $105.58 and its 200-day simple moving average is $127.75. 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 (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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $30.83 billion. On average, sell-side analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.
Target Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid 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 yield of 4.63%. Target's dividend payout ratio (DPR) is currently 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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