QS Investors LLC raised its holdings in shares of Target Co. (NYSE:TGT) by 25.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,866 shares of the retailer’s stock after acquiring an additional 25,741 shares during the quarter. QS Investors LLC’s holdings in Target were worth $8,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. Baker Avenue Asset Management LP raised its holdings in Target by 37.5% during the 4th quarter. Baker Avenue Asset Management LP now owns 22,910 shares of the retailer’s stock valued at $1,495,000 after acquiring an additional 6,252 shares during the period. Virtue Capital Management LLC bought a new stake in Target during the 4th quarter valued at $725,000. Brandywine Global Investment Management LLC raised its holdings in Target by 136.4% during the 4th quarter. Brandywine Global Investment Management LLC now owns 610,832 shares of the retailer’s stock valued at $39,857,000 after acquiring an additional 352,490 shares during the period. Caxton Associates LP raised its holdings in Target by 40.8% during the 4th quarter. Caxton Associates LP now owns 10,000 shares of the retailer’s stock valued at $653,000 after acquiring an additional 2,900 shares during the period. Finally, Advisor Group Inc. raised its holdings in Target by 26.2% during the 4th quarter. Advisor Group Inc. now owns 141,369 shares of the retailer’s stock valued at $9,226,000 after acquiring an additional 29,345 shares during the period. 87.02% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Morgan Stanley set a $64.00 price target on shares of Target and gave the stock a “sell” rating in a report on Wednesday, March 7th. Telsey Advisory Group decreased their price target on shares of Target from $83.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, March 7th. Vetr raised shares of Target from a “hold” rating to a “buy” rating and set a $75.42 price target on the stock in a report on Tuesday, March 6th. Susquehanna Bancshares set a $95.00 price target on shares of Target and gave the stock a “buy” rating in a report on Monday, March 5th. Finally, Credit Suisse Group assumed coverage on shares of Target in a report on Monday, March 5th. They issued a “buy” rating and a $86.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $73.97.
Shares of Target Co. (NYSE:TGT) opened at $70.49 on Monday. Target Co. has a fifty-two week low of $48.56 and a fifty-two week high of $78.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.95 and a quick ratio of 0.30. The stock has a market cap of $38,316.44, a P/E ratio of 14.93, a P/E/G ratio of 3.14 and a beta of 0.71.
Target (NYSE:TGT) last issued its earnings results on Tuesday, March 6th. The retailer reported $1.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.02). Target had a return on equity of 23.04% and a net margin of 4.08%. The company had revenue of $22.77 billion during the quarter, compared to analysts’ expectations of $22.56 billion. During the same quarter in the prior year, the business posted $1.45 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. analysts expect that Target Co. will post 5.29 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Wednesday, February 21st were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Tuesday, February 20th. Target’s dividend payout ratio is currently 46.36%.
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Target Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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