Target Co. (NYSE:TGT) Shares Acquired by TAP Consulting LLC

TAP Consulting LLC boosted its position in Target Co. (NYSE:TGT) by 4.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,099 shares of the retailer’s stock after purchasing 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.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after acquiring an additional 2,732,801 shares during the last quarter. FMR LLC boosted its holdings in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Target by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after purchasing an additional 130,691 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Target by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock worth $518,089,000 after purchasing an additional 234,409 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Target by 1.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after purchasing an additional 62,916 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Trading Up 0.2 %

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

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

Target Announces Dividend

The company also recently disclosed 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. This represents a $4.48 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is presently 50.56%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TGT. UBS Group cut their target price on shares of Target from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. TD Cowen dropped their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Telsey Advisory Group cut their target price on Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. 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. Finally, HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Target has a consensus rating of “Hold” and an average target price of $145.87.

Target Profile

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.