Landscape Capital Management L.L.C. Purchases Shares of 6,203 Target Co. (NYSE:TGT)

Landscape Capital Management L.L.C. acquired a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 6,203 shares of the retailer’s stock, valued at approximately $839,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TGT. Geode Capital Management LLC lifted its holdings in Target by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer’s stock valued at $1,332,317,000 after purchasing an additional 470,990 shares during the last quarter. Norges Bank acquired a new stake in shares of Target during the fourth quarter worth approximately $757,892,000. Bank of New York Mellon Corp raised its stake in shares of Target by 6.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock valued at $518,089,000 after acquiring an additional 234,409 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Target by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,144,828 shares of the retailer’s stock valued at $425,118,000 after acquiring an additional 91,357 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Target in the 4th quarter worth approximately $297,122,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a research report on Wednesday, March 5th. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Jefferies Financial Group decreased their price objective on shares of Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. 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 note on Wednesday, March 5th. Finally, StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $140.24.

Target Stock Up 1.5 %

Target stock opened at $95.70 on Friday. Target Co. has a twelve month low of $90.62 and a twelve month high of $173.05. 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 company has a 50 day moving average of $119.41 and a 200-day moving average of $134.73. The stock has a market capitalization of $43.60 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last released its quarterly 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 firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, equities research analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.68%. Target’s dividend payout ratio is currently 50.56%.

Target Company 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.