JB Capital LLC Raises Stock Position in Target Co. (NYSE:TGT)

JB Capital LLC grew its holdings in Target Co. (NYSE:TGT) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,151 shares of the retailer’s stock after purchasing an additional 1,349 shares during the quarter. JB Capital LLC’s holdings in Target were worth $2,994,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its holdings in Target by 8.3% during the 3rd 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 in the last quarter. International Assets Investment Management LLC grew its stake in shares of Target by 9,940.6% during the third 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 raised its stake in 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 buying an additional 1,502,200 shares in the last quarter. FMR LLC lifted its holdings in Target by 11.7% during the 3rd 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 during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its position in shares of Target by 773.1% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock worth $129,795,000 after acquiring an additional 737,384 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

TGT stock opened at $137.82 on Monday. 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’s 50 day moving average price is $134.80 and its 200 day moving average price is $144.41. The firm has a market cap of $63.15 billion, a P/E ratio of 14.61, a PEG ratio of 2.24 and a beta of 1.15. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 earnings per share. On average, sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TGT shares. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and decreased their target price for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lowered their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Roth Mkm dropped their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Finally, Stifel Nicolaus upped their target price on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $157.70.

About Target

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.