Caxton Associates LP Buys Shares of 11,042 Target Co. (TGT)

Caxton Associates LP bought a new stake in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,042 shares of the retailer’s stock, valued at approximately $730,000.

Other institutional investors have also added to or reduced their stakes in the company. Loeb Partners Corp bought a new stake in shares of Target in the 4th quarter valued at about $28,000. Lindbrook Capital LLC bought a new stake in shares of Target in the 4th quarter valued at about $32,000. Eukles Asset Management bought a new stake in shares of Target in the 4th quarter valued at about $33,000. We Are One Seven LLC bought a new stake in shares of Target in the 4th quarter valued at about $36,000. Finally, Clean Yield Group bought a new stake in shares of Target in the 4th quarter valued at about $44,000. Institutional investors own 82.08% of the company’s stock.

TGT has been the subject of a number of research reports. Morgan Stanley lowered their target price on Target from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, November 23rd. Zacks Investment Research raised Target from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Friday, March 8th. Citigroup lowered their target price on Target from $92.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, November 21st. Telsey Advisory Group reissued an “outperform” rating and set a $88.00 target price (up from $86.00) on shares of Target in a research note on Wednesday, March 6th. Finally, BMO Capital Markets increased their target price on Target from $70.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Target presently has an average rating of “Buy” and an average price target of $87.25.

NYSE:TGT opened at $76.66 on Friday. Target Co. has a twelve month low of $60.15 and a twelve month high of $90.39. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.83 and a quick ratio of 0.20. The company has a market cap of $39.85 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 2.09 and a beta of 0.66.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is presently 47.50%.

In other news, insider Cathy R. Smith sold 30,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $74.00, for a total value of $2,220,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Caxton Associates LP Buys Shares of 11,042 Target Co. (TGT)” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://sportsperspectives.com/2019/03/17/caxton-associates-lp-buys-shares-of-11042-target-co-tgt.html.

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.

Featured Article: What are retained earnings?

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGT).

Institutional Ownership by Quarter for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.