Two Sigma Advisers LP lifted its stake in shares of Target Co. (NYSE:TGT - Free Report) by 173.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,369,400 shares of the retailer's stock after purchasing an additional 1,502,200 shares during the period. Target makes up about 0.9% of Two Sigma Advisers LP's holdings, making the stock its 23rd biggest position. Two Sigma Advisers LP owned 0.51% of Target worth $369,295,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Triad Wealth Partners LLC purchased a new stake in Target during the second quarter valued at about $25,000. Slocum Gordon & Co LLP purchased a new position in Target during the second quarter valued at approximately $28,000. Hobbs Group Advisors LLC acquired a new position in Target in the 2nd quarter valued at approximately $31,000. Wolff Wiese Magana LLC lifted its position in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer's stock worth $34,000 after buying an additional 133 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of Target during the 3rd quarter valued at $36,000. 79.73% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have weighed in on TGT. Jefferies Financial Group upped their target price on Target from $190.00 to $195.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Hsbc Global Res lowered shares of Target from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Citigroup lowered shares of Target from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $188.00 to $130.00 in a research note on Wednesday, November 20th. Daiwa America lowered shares of Target from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Target from a "buy" rating to a "hold" rating and lowered their target price for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $160.30.
Read Our Latest Stock Report on TGT
In other Target news, insider Richard H. Gomez sold 6,348 shares of the business's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now owns 123,551 shares of the company's stock, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by company insiders.
Shares of Target stock opened at $129.13 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market cap of $59.17 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 2.16 and a beta of 1.17. Target Co. has a one year low of $120.21 and a one year high of $181.86. The stock's 50-day moving average is $146.84 and its 200-day moving average is $147.78.
Target (NYSE:TGT - Get Free Report) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the company posted $2.10 EPS. The business's revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts predict that Target Co. will post 8.6 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Wednesday, November 20th. Target's payout ratio is presently 47.51%.
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.
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