WINTON GROUP Ltd Purchases Shares of 13,972 Target Co. (NYSE:TGT)

WINTON GROUP Ltd bought a new position in Target Co. (NYSE:TGT) during the fourth quarter, Holdings Channel reports. The fund bought 13,972 shares of the retailer’s stock, valued at approximately $1,889,000.

A number of other hedge funds have also modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Target by 11.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 803,754 shares of the retailer’s stock worth $109,142,000 after purchasing an additional 82,623 shares in the last quarter. Tyler Stone Wealth Management boosted its holdings in shares of Target by 42.2% in the fourth quarter. Tyler Stone Wealth Management now owns 3,189 shares of the retailer’s stock worth $431,000 after buying an additional 947 shares during the period. Graney & King LLC purchased a new position in shares of Target in the fourth quarter worth approximately $115,000. Nuance Investments LLC acquired a new stake in shares of Target during the fourth quarter valued at approximately $14,990,000. Finally, Ausdal Financial Partners Inc. lifted its position in shares of Target by 4.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 4,417 shares of the retailer’s stock valued at $597,000 after acquiring an additional 203 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TGT. KGI Securities set a $132.00 target price on shares of Target in a research note on Wednesday, March 5th. UBS Group reduced their price objective on Target from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Jefferies Financial Group lowered their target price on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Citigroup dropped their target price on Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Wells Fargo & Company decreased their price target on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus price target of $143.40.

Target Trading Up 0.4 %

Target stock opened at $106.49 on Friday. Target Co. has a 52 week low of $101.76 and a 52 week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market capitalization of $48.51 billion, a PE ratio of 11.29, a PEG ratio of 1.94 and a beta of 1.18. The business’s 50-day simple moving average is $123.56 and its 200-day simple moving average is $136.87.

Target (NYSE:TGT) last issued its quarterly 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. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Equities research analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business 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 $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.21%. Target’s dividend payout ratio is 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.