Capitolis Liquid Global Markets LLC Sells 8,600 Shares of Target Co. (NYSE:TGT)

Capitolis Liquid Global Markets LLC decreased its position in Target Co. (NYSE:TGT) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 575,700 shares of the retailer’s stock after selling 8,600 shares during the quarter. Capitolis Liquid Global Markets LLC owned approximately 0.13% of Target worth $77,823,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bernard Wealth Management Corp. bought a new stake in shares of Target during the fourth quarter valued at approximately $30,000. Hopwood Financial Services Inc. bought a new position in shares of Target during the 4th quarter worth $29,000. MCF Advisors LLC boosted its stake in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC boosted its stake in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after purchasing an additional 85 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

TGT opened at $94.05 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm’s 50-day moving average price is $101.91 and its 200-day moving average price is $124.96. The company has a market cap of $42.73 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. Target Co. has a 52-week low of $87.35 and a 52-week high of $167.40.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. As a group, equities analysts anticipate that Target Co. will post 8.69 EPS 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 issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.76%. Target’s dividend payout ratio is currently 50.56%.

Analyst Ratings Changes

Several equities research analysts have commented on TGT shares. Cfra Research lowered shares of Target from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 17th. Jefferies Financial Group cut their price target on Target from $165.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. DA Davidson cut their target price on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Roth Capital set a $122.00 price objective on Target in a research report on Wednesday, March 5th. Finally, Telsey Advisory Group dropped their price objective on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $132.37.

Target 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.