DRW Securities LLC Purchases New Position in Target Co. (NYSE:TGT)

DRW Securities LLC acquired a new position in shares of Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,726 shares of the retailer’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TD Private Client Wealth LLC lifted its stake in Target by 4.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 8,140 shares of the retailer’s stock valued at $1,269,000 after acquiring an additional 375 shares in the last quarter. Soltis Investment Advisors LLC bought a new position in shares of Target during the third quarter valued at about $326,000. Invst LLC boosted its holdings in Target by 2.4% during the third quarter. Invst LLC now owns 11,760 shares of the retailer’s stock worth $1,833,000 after purchasing an additional 276 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in Target by 5.6% during the third quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer’s stock worth $257,000 after purchasing an additional 90 shares during the last quarter. Finally, World Investment Advisors LLC grew its position in Target by 142.5% in the 3rd quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer’s stock worth $1,026,000 after purchasing an additional 3,870 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. DA Davidson cut their target price on Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. KGI Securities set a $132.00 target price on Target in a research report on Wednesday, March 5th. Roth Mkm reissued a “neutral” rating and issued a $122.00 price target (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Finally, Robert W. Baird downgraded shares of Target from an “outperform” rating to a “neutral” rating and set a $110.00 price objective for the company. in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $134.57.

Target Trading Up 0.1 %

Target stock opened at $92.77 on Friday. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $171.06. The firm’s fifty day moving average price is $113.01 and its 200-day moving average price is $131.86. 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 stock has a market cap of $42.26 billion, a P/E ratio of 9.84, a PEG ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The firm had revenue of $30.92 billion during the quarter, compared to the consensus estimate 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 fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is currently 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.