Poehling Capital Management INC. Invests $1.42 Million in Target Co. (NYSE:TGT)

Poehling Capital Management INC. 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 Securities and Exchange Commission. The fund purchased 10,489 shares of the retailer's stock, valued at approximately $1,418,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. boosted its holdings in shares of Target by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock valued at $3,603,000 after buying an additional 76 shares during the period. Fiducient Advisors LLC lifted its position in Target by 4.6% in the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock valued at $240,000 after purchasing an additional 78 shares during the last quarter. First PREMIER Bank lifted its position in Target by 21.9% in the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer's stock valued at $61,000 after purchasing an additional 80 shares during the last quarter. CENTRAL TRUST Co lifted its position in Target by 0.4% in the 4th quarter. CENTRAL TRUST Co now owns 18,593 shares of the retailer's stock valued at $2,513,000 after purchasing an additional 82 shares during the last quarter. Finally, Napatree Capital LLC lifted its position in Target by 2.4% in the 4th quarter. Napatree Capital LLC now owns 3,609 shares of the retailer's stock valued at $488,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

Analysts Set New Price Targets

TGT has been the topic of several recent research reports. UBS Group cut their price objective on shares of Target from $170.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Cfra Research downgraded shares of Target from a "moderate buy" rating to a "hold" rating in a research report on Thursday, April 17th. KGI Securities set a $132.00 price target on shares of Target in a research report on Wednesday, March 5th. Gordon Haskett downgraded shares of Target from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group dropped their price target on shares of Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday. Two equities research 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $117.97.

Target Stock Down 0.8%

Shares of TGT stock traded down $0.76 on Friday, hitting $94.30. The company's stock had a trading volume of 7,371,358 shares, compared to its average volume of 6,007,003. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The firm's fifty day moving average price is $97.28 and its 200-day moving average price is $119.97. The stock has a market capitalization of $42.85 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT - Get Free Report) last announced its earnings results on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.35). The firm had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business's revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.03 EPS. Research analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued 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 4.75%. Target's dividend payout ratio (DPR) is presently 49.23%.

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.