Lee Danner & Bass Inc. 减少了在塔吉特公司（NYSE:TGT）的股票持有量
Lee Danner & Bass Inc. has reduced its stake in Target Co. (NYSE:TGT) by 24.1% during the 4th quarter, now holding 21,259 shares valued at $2.87 million. Other institutional investors have also adjusted their holdings, with State Street Corp increasing its stake by 8.3%. Analysts have lowered price targets for Target, with an average target price of $145.55. Target's stock opened at $104.19, with a market cap of $47.47 billion and a recent quarterly EPS of $2.41, exceeding estimates. A quarterly dividend of $1.12 is set for June 1st.
Lee Danner & Bass Inc. reduced its stake in Target Co. (NYSE:TGT - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,259 shares of the retailer's stock after selling 6,758 shares during the period. Lee Danner & Bass Inc.'s holdings in Target were worth $2,874,000 at the end of the most recent reporting period.
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Several other hedge funds have also modified their holdings of TGT. State Street Corp raised its stake in shares of Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer's stock valued at $5,530,576,000 after acquiring an additional 2,732,801 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Target in the fourth quarter valued at $297,122,000. Two Sigma Advisers LP raised its stake in shares of Target by 173.2% in the third 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 in the last quarter. FMR LLC raised its stake in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer's stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC raised its stake in shares of Target by 773.1% in the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer's stock valued at $129,795,000 after acquiring an additional 737,384 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on TGT shares. The Goldman Sachs Group reduced their price objective on Target from $166.00 to $142.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on Target from $146.00 to $140.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Roth Mkm restated a "neutral" rating and issued a $122.00 price target (down from $131.00) on shares of Target in a research note on Wednesday, March 5th. Roth Capital set a $122.00 price target on Target in a research note on Wednesday, March 5th. Finally, UBS Group cut their price target on Target from $170.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Target has an average rating of "Hold" and an average target price of $145.55.
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Check Out Our Latest Research Report on TGT
Target Stock Performance
NYSE TGT opened at $104.19 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52-week low of $103.46 and a 52-week high of $181.86. The business's 50-day moving average price is $126.64 and its 200 day moving average price is $138.47. The firm has a market cap of $47.47 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.94 and a beta of 1.18.
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Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. On average, equities research analysts expect that Target Co. will post 8.69 earnings per share for the current year.
Target Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio is presently 50.56%.
About Target
(Free Report)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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