Zeke Capital Advisors LLC raised its holdings in shares of Target Co. (NYSE:TGT) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,293 shares of the retailer’s stock after purchasing an additional 2,672 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Target were worth $1,650,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in TGT. Heritage Trust Co lifted its holdings in shares of Target by 129.7% in the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after buying an additional 1,000 shares in the last quarter. SevenBridge Financial Group LLC raised its stake in Target by 2,200.0% in the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock valued at $113,000 after purchasing an additional 1,826 shares in the last quarter. Security Asset Management purchased a new stake in Target in the fourth quarter valued at approximately $115,000. First Mercantile Trust Co. purchased a new stake in Target in the fourth quarter valued at approximately $124,000. Finally, Independence Bank of Kentucky purchased a new stake in Target in the fourth quarter valued at approximately $147,000. Institutional investors and hedge funds own 87.02% of the company’s stock.
A number of equities research analysts recently weighed in on TGT shares. Vetr downgraded shares of Target from a “strong-buy” rating to a “buy” rating and set a $64.00 target price on the stock. in a research note on Monday, November 20th. Deutsche Bank raised Target from a “neutral” rating to a “positive” rating and raised their price target for the stock from $57.00 to $70.00 in a research note on Wednesday, January 10th. Morgan Stanley dropped their price target on Target from $52.00 to $50.00 and set an “underweight” rating for the company in a research note on Thursday, November 16th. MKM Partners set a $77.00 price target on Target and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Zacks Investment Research raised Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective for the company in a research report on Saturday, January 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $73.97.
Target Co. (TGT) traded up $0.26 during midday trading on Friday, reaching $70.89. The company had a trading volume of 568,745 shares, compared to its average volume of 7,166,140. Target Co. has a 52 week low of $48.56 and a 52 week high of $78.70. The company has a market cap of $38,403.41, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.95 and a quick ratio of 0.30.
Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 6th. The retailer reported $1.37 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.02). Target had a return on equity of 23.04% and a net margin of 4.08%. The business had revenue of $22.77 billion during the quarter, compared to the consensus estimate of $22.56 billion. During the same quarter in the previous year, the business posted $1.45 earnings per share. Target’s quarterly revenue 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 firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 10th. Investors of record on Wednesday, May 16th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.50%. Target’s payout ratio is 46.36%.
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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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