Jump Financial LLC Has $831,000 Stock Position in Target Co. (NYSE:TGT)

Jump Financial LLC lessened its position in shares of Target Co. (NYSE:TGT) by 48.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,147 shares of the retailer’s stock after selling 5,854 shares during the quarter. Jump Financial LLC’s holdings in Target were worth $831,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Target during the fourth quarter worth $757,892,000. Raymond James Financial Inc. bought a new position in Target during the 4th quarter worth about $297,122,000. FMR LLC increased its holdings in Target by 13.6% during the 4th quarter. FMR LLC now owns 11,338,729 shares of the retailer’s stock worth $1,532,769,000 after purchasing an additional 1,358,348 shares in the last quarter. Phoenix Financial Ltd. lifted its holdings in shares of Target by 8,114.3% in the fourth quarter. Phoenix Financial Ltd. now owns 728,934 shares of the retailer’s stock valued at $98,538,000 after purchasing an additional 720,060 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of Target by 23,464.9% during the fourth quarter. Proficio Capital Partners LLC now owns 605,618 shares of the retailer’s stock worth $81,867,000 after buying an additional 603,048 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on TGT. Mizuho initiated coverage on Target in a report on Friday, April 11th. They issued a “neutral” rating and a $92.00 price objective for the company. Jefferies Financial Group lowered their price target on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Wells Fargo & Company cut their price objective on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Truist Financial lowered their target price on shares of Target from $124.00 to $82.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. Finally, Evercore ISI decreased their price objective 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. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $132.37.

Target Stock Performance

Shares of NYSE:TGT opened at $93.85 on Tuesday. The company’s 50 day simple moving average is $108.31 and its 200 day simple moving average is $129.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a 1 year low of $87.35 and a 1 year high of $169.09. The stock has a market capitalization of $42.76 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 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 company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. As a group, research analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

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.