Lbp Am Sa Boosts Stock Position in Target Co. (NYSE:TGT)

Lbp Am Sa boosted its holdings in shares of Target Co. (NYSE:TGT) by 86.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,708 shares of the retailer’s stock after acquiring an additional 14,746 shares during the quarter. Lbp Am Sa’s holdings in Target were worth $4,286,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TGT. Balboa Wealth Partners purchased a new stake in shares of Target in the 3rd quarter worth $287,000. Intellectus Partners LLC lifted its holdings in shares of Target by 4.0% in the 3rd quarter. Intellectus Partners LLC now owns 5,595 shares of the retailer’s stock worth $872,000 after buying an additional 213 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Target by 7.0% in the 3rd quarter. CIBC Asset Management Inc now owns 79,245 shares of the retailer’s stock worth $12,351,000 after buying an additional 5,192 shares during the period. Signature Estate & Investment Advisors LLC bought a new position in shares of Target in the 3rd quarter worth $209,000. Finally, Empirical Finance LLC raised its position in shares of Target by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 16,078 shares of the retailer’s stock worth $2,506,000 after acquiring an additional 333 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TGT. TD Cowen reduced their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Citigroup reduced their price target on Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Stifel Nicolaus reduced their price target on Target from $145.00 to $130.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group reduced their price target on Target from $166.00 to $142.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus target price of $145.87.

Target Stock Up 0.2 %

Shares of TGT opened at $104.71 on Friday. Target Co. has a 52 week low of $103.46 and a 52 week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $47.70 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.94 and a beta of 1.18. The stock’s 50-day moving average price is $129.35 and its 200-day moving average price is $139.75.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $30.83 billion. On average, sell-side analysts predict that Target Co. will post 8.69 EPS for the current 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. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.28%. Target’s dividend payout ratio is currently 50.56%.

Target Company 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.