Target Co. (NYSE:TGT) Shares Acquired by HUB Investment Partners LLC

HUB Investment Partners LLC boosted its holdings in Target Co. (NYSE:TGT) by 27.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,988 shares of the retailer’s stock after buying an additional 423 shares during the quarter. HUB Investment Partners LLC’s holdings in Target were worth $269,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TGT. State Street Corp boosted its holdings in shares of Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Target in the 4th quarter valued at approximately $297,122,000. Two Sigma Advisers LP lifted its position in shares of Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after acquiring an additional 1,502,200 shares in the last quarter. FMR LLC boosted its stake in Target by 11.7% in the 3rd 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 grew its position in Target by 773.1% during the 3rd 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 own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of a number of research analyst reports. Evercore ISI reduced their target price on Target from $135.00 to $130.00 and set an “in-line” rating for the company in a report on Wednesday, March 5th. Roth Capital set a $122.00 price objective on Target in a research report on Wednesday, March 5th. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. DA Davidson decreased their price target on shares of Target from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Citigroup dropped their price objective on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. One 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, the stock has an average rating of “Hold” and an average target price of $145.55.

Target Stock Performance

TGT opened at $104.29 on Friday. 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 stock’s 50 day moving average price is $125.89 and its two-hundred day moving average price is $138.03. The firm has a market capitalization of $47.51 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a 12-month low of $101.76 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. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, equities analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is currently 50.56%.

About Target

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.