Focus Partners Advisor Solutions LLC boosted its holdings in Target Co. (NYSE:TGT - Free Report) by 69.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,676 shares of the retailer's stock after acquiring an additional 3,547 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Target were worth $1,173,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new position in shares of Target in the fourth quarter worth $29,000. Bernard Wealth Management Corp. bought a new stake in Target in the 4th quarter worth about $30,000. Raleigh Capital Management Inc. increased its holdings in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after buying an additional 135 shares in the last quarter. MCF Advisors LLC raised its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after buying an additional 163 shares during the last quarter. Finally, Legacy Investment Solutions LLC lifted its stake in Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after acquiring an additional 85 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
Target Trading Up 2.2%
Shares of TGT stock opened at $95.05 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a fifty day simple moving average of $97.49 and a two-hundred day simple moving average of $120.55. The firm has a market capitalization of $43.19 billion, a PE ratio of 10.08, a PEG ratio of 1.94 and a beta of 1.27. Target Co. has a 52-week low of $87.35 and a 52-week high of $167.40.
Target (NYSE:TGT - Get Free Report) last released its earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.35). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $24.20 billion for the quarter, compared to analysts' expectations of $24.54 billion. During the same quarter in the prior year, the business posted $2.03 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.
Target Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's payout ratio is currently 50.56%.
Wall Street Analyst Weigh In
TGT has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of Target from $112.00 to $103.00 and set an "outperform" rating on the stock in a report on Thursday. The Goldman Sachs Group dropped their target price on shares of Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday. Stifel Nicolaus decreased their target price on shares of Target from $130.00 to $120.00 and set a "hold" rating for the company in a research note on Thursday, March 20th. Baird R W downgraded Target from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Finally, Mizuho cut their price objective on Target from $92.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday. Two investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $117.97.
View Our Latest Stock Report on Target
Target Company Profile
(
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.
Further Reading
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