Twin Focus Capital Partners LLC Purchases New Position in Target Co. (NYSE:TGT)

Twin Focus Capital Partners LLC acquired a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,501 shares of the retailer’s stock, valued at approximately $214,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in Target in the 4th quarter worth $759,810,000. International Assets Investment Management LLC grew its stake in shares of Target by 15,009.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock worth $250,244,000 after acquiring an additional 1,745,459 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Target by 37,301.2% during the third quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock valued at $187,832,000 after acquiring an additional 1,694,222 shares in the last quarter. FMR LLC raised its position in shares of Target by 26.5% in the 3rd quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock worth $747,699,000 after purchasing an additional 1,415,900 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in Target by 51,357.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,220,576 shares of the retailer’s stock worth $173,834,000 after purchasing an additional 1,218,204 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on Target from $125.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Barclays boosted their price objective on shares of Target from $142.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. The Goldman Sachs Group raised their target price on shares of Target from $176.00 to $194.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. DA Davidson boosted their target price on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, BNP Paribas assumed coverage on Target in a report on Monday, June 3rd. They set an “underperform” rating and a $116.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.11.

Insider Transactions at Target

In other news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the sale, the insider now owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

Target Stock Down 2.4 %

Target stock traded down $3.52 during midday trading on Friday, hitting $141.16. 5,019,720 shares of the company’s stock were exchanged, compared to its average volume of 4,917,518. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.27 and a current ratio of 0.86. The company has a market cap of $65.31 billion, a PE ratio of 15.84, a P/E/G ratio of 1.33 and a beta of 1.20. The firm has a 50-day moving average of $157.37 and a two-hundred day moving average of $152.56. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.02). The business had revenue of $24.14 billion for the quarter, compared to analysts’ expectations of $24.52 billion. Target had a net margin of 3.87% and a return on equity of 31.91%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 earnings per share. As a group, analysts expect that Target Co. will post 9.32 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be issued a $1.12 dividend. This is a boost from Target’s previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Wednesday, August 21st. Target’s dividend payout ratio (DPR) is currently 49.38%.

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.