Target Co. (TGT) Position Boosted by Numeric Investors LLC

Numeric Investors LLC raised its position in shares of Target Co. (NYSE:TGT) by 2,710.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,300 shares of the retailer’s stock after buying an additional 124,700 shares during the period. Numeric Investors LLC’s holdings in Target were worth $9,339,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TGT. Macquarie Group Ltd. increased its stake in shares of Target by 31.2% in the second quarter. Macquarie Group Ltd. now owns 119,971 shares of the retailer’s stock worth $8,376,000 after buying an additional 28,512 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in Target during the third quarter worth about $223,000. Founders Financial Securities LLC purchased a new stake in Target during the third quarter worth about $832,000. Searle & CO. purchased a new stake in Target during the third quarter worth about $220,000. Finally, City Holding Co. increased its stake in Target by 11.8% in the third quarter. City Holding Co. now owns 20,569 shares of the retailer’s stock worth $1,413,000 after buying an additional 2,165 shares in the last quarter. 88.53% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Target (NYSE:TGT)

Shares of Target Co. (NYSE:TGT) traded up 1.39% on Thursday, reaching $54.64. The company had a trading volume of 5,843,205 shares. The firm has a market capitalization of $30.20 billion, a price-to-earnings ratio of 11.63 and a beta of 0.63. The stock’s 50 day moving average is $54.36 and its 200 day moving average is $66.06. Target Co. has a 52 week low of $52.72 and a 52 week high of $83.57.

Target (NYSE:TGT) last posted its earnings results on Tuesday, February 28th. The retailer reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by $0.06. Target had a return on equity of 25.18% and a net margin of 4.75%. The firm had revenue of $20.69 billion for the quarter, compared to analyst estimates of $20.76 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts anticipate that Target Co. will post $4.00 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.39%. Target’s payout ratio is currently 42.93%.

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A number of analysts have issued reports on TGT shares. Vetr raised Target from a “buy” rating to a “strong-buy” rating and set a $81.98 target price for the company in a research report on Monday, January 9th. Zacks Investment Research downgraded Target from a “buy” rating to a “hold” rating in a research report on Tuesday, January 17th. Instinet decreased their target price on Target to $60.00 in a research report on Wednesday, March 1st. Morgan Stanley decreased their target price on Target from $65.00 to $52.00 and set an “underweight” rating for the company in a research report on Wednesday, March 1st. Finally, Stifel Nicolaus decreased their target price on Target from $72.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, March 1st. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company. Target currently has an average rating of “Hold” and an average target price of $67.08.

In related news, Director Donald R. Knauss purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were purchased at an average cost of $54.86 per share, with a total value of $548,600.00. Following the completion of the acquisition, the director now directly owns 16,431 shares of the company’s stock, valued at approximately $901,404.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cathy R. Smith purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was bought at an average cost of $58.95 per share, for a total transaction of $294,750.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 19,000 shares of company stock worth $1,073,750. Corporate insiders own 0.25% of the company’s stock.

Target Company Profile

Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

5 Day Chart for NYSE:TGT

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