Target Co. (NYSE:TGT) Position Boosted by TAP Consulting LLC

TAP Consulting LLC lifted its stake in Target Co. (NYSE:TGT) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,099 shares of the retailer’s stock after acquiring an additional 681 shares during the quarter. TAP Consulting LLC’s holdings in Target were worth $2,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Target in the fourth quarter valued at $297,122,000. Two Sigma Advisers LP lifted its holdings in shares of Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares during the period. FMR LLC boosted its holdings in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC raised its stake in Target by 773.1% during the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock worth $129,795,000 after acquiring an additional 737,384 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Telsey Advisory Group decreased their price objective on Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. reduced their price target on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, BMO Capital Markets lowered their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $145.87.

Target Trading Up 0.2 %

Shares of Target stock opened at $104.81 on Thursday. The company’s 50-day moving average price is $127.31 and its 200-day moving average price is $138.71. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12-month low of $103.46 and a 12-month high of $181.86. The company has a market cap of $47.75 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. On average, equities analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal 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 given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is currently 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.