Hexagon Capital Partners LLC Raises Stake in Target Co. (NYSE:TGT)

Hexagon Capital Partners LLC lifted its position in shares of Target Co. (NYSE:TGT) by 130.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,418 shares of the retailer’s stock after buying an additional 802 shares during the period. Hexagon Capital Partners LLC’s holdings in Target were worth $202,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of Target by 15,009.5% during the 4th quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock valued at $250,244,000 after buying an additional 1,745,459 shares during the period. Clearbridge Investments LLC increased its stake in Target by 37,301.2% during the third quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock worth $187,832,000 after acquiring an additional 1,694,222 shares during the last quarter. FMR LLC raised its holdings in shares of Target by 26.5% in the 3rd quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock worth $747,699,000 after purchasing an additional 1,415,900 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in shares of Target by 56.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,839,156 shares of the retailer’s stock valued at $313,925,000 after purchasing an additional 1,022,437 shares in the last quarter. Finally, Hudson Bay Capital Management LP increased its position in Target by 2,409.8% during the 3rd quarter. Hudson Bay Capital Management LP now owns 779,140 shares of the retailer’s stock worth $86,150,000 after purchasing an additional 748,096 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

TGT opened at $156.44 on Thursday. The business has a fifty day simple moving average of $166.17 and a 200-day simple moving average of $144.30. The firm has a market cap of $72.37 billion, a PE ratio of 17.52, a P/E/G ratio of 1.51 and a beta of 1.17. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The firm had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. During the same quarter in the previous year, the company earned $1.89 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts predict that Target Co. will post 9.39 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.81%. Target’s dividend payout ratio (DPR) is presently 49.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TGT shares. Deutsche Bank Aktiengesellschaft raised shares of Target from a “hold” rating to a “buy” rating and raised their target price for the company from $149.00 to $206.00 in a research note on Wednesday, March 6th. UBS Group reaffirmed a “buy” rating and set a $174.00 target price on shares of Target in a research report on Tuesday, March 5th. Citigroup increased their price objective on shares of Target from $142.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Oppenheimer boosted their price target on Target from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Finally, Jefferies Financial Group boosted their price objective on shares of Target from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Eleven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and an average price target of $181.85.

Insider Activity at Target

In other news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now owns 38,487 shares in the company, valued at approximately $6,576,658.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now directly owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,600 shares of company stock valued at $8,819,598. Company insiders own 0.23% of the company’s stock.

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.