Restructuring Capital Associates LP purchased a new position in Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 75,000 shares of the retailer’s stock, valued at approximately $4,957,000. Target accounts for 3.5% of Restructuring Capital Associates LP’s portfolio, making the stock its 11th biggest position.

Other hedge funds also recently made changes to their positions in the company. Loeb Partners Corp bought a new stake in shares of Target in the fourth quarter worth approximately $28,000. Lindbrook Capital LLC bought a new stake in shares of Target in the fourth quarter worth approximately $32,000. Eukles Asset Management bought a new stake in shares of Target in the fourth quarter worth approximately $33,000. We Are One Seven LLC bought a new stake in shares of Target in the fourth quarter worth approximately $36,000. Finally, Clean Yield Group bought a new stake in shares of Target in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 82.08% of the company’s stock.

In other Target news, insider Cathy R. Smith sold 30,000 shares of Target stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $74.00, for a total transaction of $2,220,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.19% of the stock is owned by insiders.

NYSE:TGT traded down $0.18 during trading hours on Friday, hitting $76.31. 28,156 shares of the stock traded hands, compared to its average volume of 5,401,444. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.83 and a quick ratio of 0.20. Target Co. has a 1 year low of $60.15 and a 1 year high of $90.39. The company has a market capitalization of $39.85 billion, a P/E ratio of 14.14, a P/E/G ratio of 2.09 and a beta of 0.66.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.01. Target had a net margin of 3.90% and a return on equity of 25.74%. The business had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.05 billion. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts anticipate that Target Co. will post 5.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 3.35%. Target’s dividend payout ratio is currently 47.50%.

A number of brokerages have recently commented on TGT. Citigroup reiterated a “neutral” rating and issued a $78.00 price target on shares of Target in a research note on Tuesday, February 26th. Deutsche Bank boosted their target price on shares of Target from $80.00 to $84.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. BMO Capital Markets set a $70.00 target price on shares of Target and gave the company a “hold” rating in a research report on Tuesday, November 20th. Tigress Financial restated a “buy” rating on shares of Target in a research report on Thursday, January 17th. Finally, Buckingham Research started coverage on shares of Target in a research report on Thursday, November 15th. They set a “buy” rating and a $102.00 target price for the company. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $87.25.

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Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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