7,120 Shares in Target Co. (NYSE:TGT) Purchased by Bearing Point Capital LLC

Bearing Point Capital LLC bought a new position in Target Co. (NYSE:TGT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,120 shares of the retailer's stock, valued at approximately $962,000.

Other large investors also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new stake in Target in the 4th quarter valued at approximately $29,000. Bernard Wealth Management Corp. bought a new position in shares of Target in the fourth quarter worth $30,000. MCF Advisors LLC increased its holdings in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC grew its position in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Trading Up 1.4 %

Shares of NYSE:TGT opened at $97.29 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $44.32 billion, a PE ratio of 10.32, a P/E/G ratio of 1.94 and a beta of 1.28. Target Co. has a 1 year low of $87.35 and a 1 year high of $167.40. The firm has a fifty day moving average price of $102.51 and a 200 day moving average price of $125.61.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $30.83 billion. Analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's dividend payout ratio is 50.56%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group decreased their price objective on shares of Target from $170.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Stifel Nicolaus decreased their target price on Target from $130.00 to $120.00 and set a "hold" rating for the company in a research note on Thursday, March 20th. The Goldman Sachs Group cut shares of Target from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $142.00 to $101.00 in a research report on Wednesday, April 16th. KGI Securities set a $132.00 target price on shares of Target in a report on Wednesday, March 5th. Finally, Jefferies Financial Group decreased their price target on shares of Target from $165.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Target presently has an average rating of "Hold" and a consensus price target of $132.37.

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.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.