Insight Inv LLC Buys 243 Shares of Target Co. (NYSE:TGT)

Insight Inv LLC boosted its stake in Target Co. (NYSE:TGT) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,893 shares of the retailer’s stock after purchasing an additional 243 shares during the quarter. Insight Inv LLC’s holdings in Target were worth $1,608,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of 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 acquiring an additional 2,732,801 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Target by 9,940.6% during the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after purchasing an additional 1,981,458 shares during the period. Two Sigma Advisers LP increased its stake in Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after purchasing an additional 1,502,200 shares in the last quarter. FMR LLC raised its holdings in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its position in shares of 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 purchasing an additional 737,384 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TGT shares. TD Cowen lowered their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Bank of America lowered their price target on Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Citigroup raised their price target on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Sanford C. Bernstein started coverage on shares of Target in a report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $158.57.

Target Stock Performance

Shares of TGT opened at $137.99 on Friday. 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 firm has a 50-day moving average of $134.37 and a 200-day moving average of $144.82. The company has a market cap of $63.23 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period last year, the firm earned $2.10 EPS. Target’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities analysts forecast that Target Co. will post 8.68 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.25%. Target’s dividend payout ratio (DPR) is 47.51%.

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.