Bronfman E.L. Rothschild L.P. grew its stake in shares of Target Co. (NYSE:TGT) by 163.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,844 shares of the retailer’s stock after buying an additional 16,669 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Target were worth $1,774,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Loeb Partners Corp purchased a new position in shares of Target during the 4th quarter valued at about $28,000. Lindbrook Capital LLC purchased a new position in shares of Target during the 4th quarter valued at about $32,000. Eukles Asset Management purchased a new position in shares of Target during the 4th quarter valued at about $33,000. We Are One Seven LLC purchased a new position in shares of Target during the 4th quarter valued at about $36,000. Finally, Clean Yield Group purchased a new position in shares of Target during the 4th quarter valued at about $44,000. 82.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TGT opened at $76.66 on Friday. The company has a market cap of $39.85 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66. Target Co. has a 12-month low of $60.15 and a 12-month high of $90.39. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.20 and a current ratio of 0.83.
Target (NYSE:TGT) last issued its earnings results on Tuesday, March 5th. The retailer reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.01. Target had a return on equity of 25.74% and a net margin of 3.90%. The company had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.05 billion. During the same quarter last year, the company earned $1.37 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts expect that Target Co. will post 5.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Tuesday, May 14th. Target’s payout ratio is 47.50%.
In other Target news, insider Cathy R. Smith sold 30,000 shares of Target stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $74.00, for a total value of $2,220,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.
TGT has been the topic of a number of analyst reports. ValuEngine cut Target from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Deutsche Bank lifted their price objective on Target from $80.00 to $84.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Credit Suisse Group lowered their price objective on Target from $94.00 to $79.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 21st. Tigress Financial reaffirmed a “buy” rating on shares of Target in a research report on Thursday, January 17th. Finally, Citigroup lowered their price objective on Target from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, December 3rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $87.25.
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Target Company Profile
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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