Inspire Trust Co. N.A. lifted its holdings in Target Co. (NYSE:TGT - Free Report) by 26.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,000 shares of the retailer's stock after acquiring an additional 11,361 shares during the quarter. Target accounts for 1.9% of Inspire Trust Co. N.A.'s holdings, making the stock its 11th biggest position. Inspire Trust Co. N.A.'s holdings in Target were worth $7,435,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in Target in the 4th quarter worth approximately $29,000. Bernard Wealth Management Corp. acquired a new position in shares of Target in the 4th quarter valued at $30,000. MCF Advisors LLC boosted its holdings in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in Target by 110.7% during the fourth 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. Finally, Legacy Investment Solutions LLC grew its position in Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 79.73% of the company's stock.
Target Stock Down 5.2%
Shares of TGT opened at $93.01 on Thursday. Target Co. has a 52-week low of $87.35 and a 52-week high of $167.40. 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 stock has a fifty day simple moving average of $97.70 and a two-hundred day simple moving average of $120.93. The company has a market capitalization of $42.26 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27.
Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $24.20 billion during the quarter, compared to analysts' expectations of $24.54 billion. During the same period in the prior year, the company posted $2.03 EPS. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that Target Co. will post 8.69 EPS for the current year.
Target Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.82%. Target's payout ratio is 50.56%.
Analyst Ratings Changes
A number of research analysts have weighed in on TGT shares. Evercore ISI decreased their price objective on shares of Target from $130.00 to $120.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. KGI Securities set a $132.00 price target on Target in a report on Wednesday, March 5th. Robert W. Baird downgraded Target from an "outperform" rating to a "neutral" rating and set a $110.00 price target on the stock. in a research report on Monday, April 7th. Baird R W lowered Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, DA Davidson reduced their target price on Target from $153.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $127.29.
Read Our Latest Research Report on TGT
Target 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.
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