Point72 Asia Singapore Pte. Ltd. Takes $145,000 Position in Target Co. (NYSE:TGT)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Target Co. (NYSE:TGT) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,072 shares of the retailer’s stock, valued at approximately $145,000.

Other hedge funds also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new position in shares of Target in the 4th quarter valued at $29,000. Bernard Wealth Management Corp. acquired a new position in shares of Target in the 4th quarter valued at $30,000. MCF Advisors LLC raised its stake in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. raised its stake 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 buying an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC increased its position in shares of Target by 47.5% during 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. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Roth Capital set a $122.00 target price on shares of Target in a research report on Wednesday, March 5th. StockNews.com cut shares of Target from a “buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. UBS Group dropped their target price on shares of Target from $170.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Evercore ISI dropped their target price on shares of Target from $130.00 to $120.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $128.13.

Target Stock Up 1.5%

Shares of NYSE TGT opened at $98.56 on Friday. The firm has a market capitalization of $44.78 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 1 year low of $87.35 and a 1 year high of $167.40. The firm’s 50-day moving average is $98.24 and its 200-day moving average is $122.04.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Equities analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

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.