White Knight Strategic Wealth Advisors LLC Acquires 2,642 Shares of Target Co. (NYSE:TGT)

White Knight Strategic Wealth Advisors LLC lifted its stake in shares of Target Co. (NYSE:TGT - Free Report) by 116.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,914 shares of the retailer's stock after acquiring an additional 2,642 shares during the quarter. White Knight Strategic Wealth Advisors LLC's holdings in Target were worth $664,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of Target from $101.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday. Barclays started coverage on shares of Target in a report on Thursday. They issued an "equal weight" rating on the stock. Gordon Haskett downgraded shares of Target from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Roth Mkm reiterated a "neutral" rating and issued a $122.00 target price (down previously from $131.00) on shares of Target in a report on Wednesday, March 5th. Finally, DA Davidson dropped their target price on shares of Target from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday. Two 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $117.97.

Target Price Performance

Shares of Target stock traded down $0.76 on Friday, reaching $94.30. 7,371,358 shares of the stock were exchanged, compared to its average volume of 5,997,052. The firm's 50 day moving average is $97.28 and its 200-day moving average is $120.16. The firm has a market cap of $42.85 billion, a PE ratio of 10.00, a P/E/G ratio of 1.94 and a beta of 1.27. Target Co. has a one year low of $87.35 and a one year high of $167.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT - Get Free Report) last announced its quarterly 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 net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $24.20 billion during the quarter, compared to analyst estimates of $24.54 billion. During the same quarter last year, the company posted $2.03 earnings per share. The company's revenue was down 2.8% compared to the same quarter last year. As a group, analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company 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 4.75%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio (DPR) is presently 50.56%.

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.