Capricorn Fund Managers Ltd Purchases New Shares in Target Co. (NYSE:TGT)

Capricorn Fund Managers Ltd bought a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,894 shares of the retailer’s stock, valued at approximately $3,767,000.

A number of other hedge funds also recently bought and sold shares of TGT. State Street Corp raised its position in 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 acquiring an additional 2,732,801 shares during the period. International Assets Investment Management LLC lifted its holdings in Target by 9,940.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after purchasing an additional 1,981,458 shares in the last quarter. Two Sigma Advisers LP increased its holdings in 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 during the last quarter. FMR LLC lifted its position in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Target by 711.2% in the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after purchasing an additional 768,479 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.3 %

Shares of NYSE TGT opened at $133.62 on Tuesday. 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 company’s 50 day moving average price is $135.74 and its 200-day moving average price is $145.07. The company has a market capitalization of $61.22 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 2.19 and a beta of 1.16. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (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 company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the prior year, the company earned $2.10 EPS. The company’s revenue was up .9% on a year-over-year basis. Equities analysts forecast that Target Co. will post 8.62 earnings per share for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.35%. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Citigroup raised their price target on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday. Melius Research started coverage on Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 price target on the stock. Finally, StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average target price of $158.23.

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.