Westwood Holdings Group Inc. acquired a new stake in Target Co. (NYSE:TGT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 115,595 shares of the retailer's stock, valued at approximately $15,626,000.
Several other large investors have also made changes to their positions in the business. Hopwood Financial Services Inc. purchased a new position in Target in the 4th quarter worth approximately $29,000. Bernard Wealth Management Corp. purchased a new position in shares of Target in the fourth quarter worth $30,000. MCF Advisors LLC lifted its holdings in shares of Target by 175.3% in 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. lifted its holdings in shares of Target by 110.7% in 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 lifted its holdings in shares of Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after buying an additional 85 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
Target Trading Down 0.7%
TGT opened at $97.89 on Tuesday. The company has a market capitalization of $44.48 billion, a P/E ratio of 10.38, a PEG ratio of 1.94 and a beta of 1.27. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52 week low of $87.35 and a 52 week high of $167.40. The stock's fifty day moving average is $98.05 and its two-hundred day moving average is $121.28.
Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Analysts forecast that Target Co. will post 8.69 earnings per share for the current year.
Target Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders 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 yield of 4.58%. Target's dividend payout ratio (DPR) is presently 50.56%.
Analyst Ratings Changes
TGT has been the topic of several research analyst reports. StockNews.com cut shares of Target from a "buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Roth Mkm reaffirmed a "neutral" rating and set a $122.00 price objective (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Gordon Haskett downgraded shares of Target from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on shares of Target from $140.00 to $105.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, UBS Group decreased their target price 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. Two investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $127.29.
Get 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.
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