Eagle Global Advisors LLC purchased a new position in shares of Target Co. (NYSE:TGT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,800 shares of the retailer's stock, valued at approximately $784,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in TGT. Kathmere Capital Management LLC raised its holdings in Target by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer's stock valued at $343,000 after acquiring an additional 73 shares during the period. Horrell Capital Management Inc. raised its stake in shares of Target by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock valued at $3,603,000 after purchasing an additional 76 shares during the period. Fiducient Advisors LLC lifted its holdings in Target by 4.6% during the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock worth $240,000 after purchasing an additional 78 shares in the last quarter. First PREMIER Bank boosted its stake in Target by 21.9% in the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer's stock worth $61,000 after purchasing an additional 80 shares during the period. Finally, Winch Advisory Services LLC grew its holdings in Target by 34.5% during the 4th quarter. Winch Advisory Services LLC now owns 320 shares of the retailer's stock valued at $43,000 after buying an additional 82 shares in the last quarter. Institutional investors own 79.73% of the company's stock.
Target Stock Performance
Shares of NYSE:TGT opened at $95.68 on Thursday. 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 company has a 50-day moving average price of $100.76 and a 200-day moving average price of $124.54. The company has a market cap of $43.47 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40.
Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to analysts' expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, equities analysts anticipate that Target Co. will post 8.69 EPS for the current year.
Target Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.68%. Target's payout ratio is 50.56%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. The Goldman Sachs Group lowered shares of Target from a "buy" rating to a "neutral" rating and cut their price objective for the company from $142.00 to $101.00 in a research report on Wednesday, April 16th. Robert W. Baird downgraded shares of Target from an "outperform" rating to a "neutral" rating and set a $110.00 price target for the company. in a report on Monday, April 7th. DA Davidson decreased their price target on shares of Target from $153.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Sanford C. Bernstein reissued a "market perform" rating on shares of Target in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus decreased their target price on Target from $130.00 to $120.00 and set a "hold" rating on the stock in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $132.37.
Check Out Our Latest Research Report on TGT
Target Profile
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Free Report)
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.
See Also
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