Caxton Associates LP grew its holdings in shares of Target Co. (NYSE:TGT) by 40.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,000 shares of the retailer’s stock after purchasing an additional 2,900 shares during the quarter. Caxton Associates LP’s holdings in Target were worth $653,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Advisor Group Inc. boosted its position in Target by 26.2% during the fourth quarter. Advisor Group Inc. now owns 141,369 shares of the retailer’s stock worth $9,226,000 after purchasing an additional 29,345 shares during the period. JOYN Advisors Inc. bought a new position in Target during the fourth quarter worth about $1,038,000. Nomura Asset Management Co. Ltd. boosted its position in Target by 7.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 93,559 shares of the retailer’s stock worth $6,105,000 after purchasing an additional 6,650 shares during the period. Profund Advisors LLC boosted its position in Target by 22.4% during the fourth quarter. Profund Advisors LLC now owns 18,139 shares of the retailer’s stock worth $1,184,000 after purchasing an additional 3,317 shares during the period. Finally, Peak Asset Management LLC boosted its position in Target by 6.6% during the fourth quarter. Peak Asset Management LLC now owns 15,530 shares of the retailer’s stock worth $1,013,000 after purchasing an additional 961 shares during the period. Hedge funds and other institutional investors own 87.02% of the company’s stock.
TGT has been the subject of a number of research reports. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Moffett Nathanson initiated coverage on shares of Target in a research report on Monday, December 4th. They issued a “neutral” rating for the company. Vetr lowered shares of Target from a “hold” rating to a “sell” rating and set a $73.66 price objective for the company. in a research report on Thursday, February 15th. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price objective on shares of Target in a research report on Thursday, January 11th. Finally, Telsey Advisory Group raised their price objective on shares of Target from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $73.97.
Shares of Target Co. (TGT) opened at $70.67 on Tuesday. Target Co. has a 1 year low of $48.56 and a 1 year high of $78.70. The stock has a market cap of $38,410.00, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 3.14 and a beta of 0.71. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.30 and a current ratio of 0.95.
Target (NYSE:TGT) last announced its earnings results on Tuesday, March 6th. The retailer reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.02). Target had a net margin of 4.08% and a return on equity of 23.04%. The company had revenue of $22.77 billion for the quarter, compared to the consensus estimate of $22.56 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. equities research analysts anticipate that Target Co. will post 5.29 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.62 per share. The ex-dividend date was Tuesday, February 20th. This represents a $2.48 annualized dividend and a yield of 3.51%. Target’s payout ratio is presently 52.99%.
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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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