Jump Financial LLC Sells 5,854 Shares of Target Co. (NYSE:TGT)

Jump Financial LLC cut its position in Target Co. (NYSE:TGT) by 48.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,147 shares of the retailer’s stock after selling 5,854 shares during the quarter. Jump Financial LLC’s holdings in Target were worth $831,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hopwood Financial Services Inc. bought a new stake in Target during the 4th quarter worth approximately $29,000. Bernard Wealth Management Corp. acquired a new stake in Target in the fourth quarter valued at $30,000. MCF Advisors LLC raised its position 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 purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC raised its position in shares of Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after acquiring an additional 85 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Guggenheim upped their target price on Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. StockNews.com downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Tuesday. Roth Mkm reaffirmed a “neutral” rating and set a $122.00 price target (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. Oppenheimer dropped their price target on Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group lowered shares of Target from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $142.00 to $101.00 in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $132.37.

Target Stock Performance

NYSE:TGT opened at $93.85 on Tuesday. 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 Co. has a fifty-two week low of $87.35 and a fifty-two week high of $169.09. The business has a 50 day moving average price of $108.31 and a 200-day moving average price of $129.18. The firm has a market cap of $42.76 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Equities research analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders 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 annualized dividend and a dividend yield of 4.77%. Target’s dividend payout ratio (DPR) is presently 50.56%.

About Target

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.