Lifelong Wealth Advisors Inc. Invests $536,000 in Target Co. (NYSE:TGT)

Lifelong Wealth Advisors Inc. purchased a new position in shares of Target Co. (NYSE:TGT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,967 shares of the retailer's stock, valued at approximately $536,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new stake in Target during the 4th quarter valued at $30,000. Hopwood Financial Services Inc. purchased a new stake in Target during the 4th quarter worth about $29,000. MCF Advisors LLC raised its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. 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 worth $35,000 after purchasing an additional 135 shares during the last quarter. Finally, Legacy Investment Solutions LLC raised its position in shares of Target by 47.5% in 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 last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of Target stock traded up $2.67 during trading hours on Friday, reaching $93.13. The company's stock had a trading volume of 5,347,533 shares, compared to its average volume of 5,598,467. 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 Co. has a one year low of $87.35 and a one year high of $169.09. The company's 50 day simple moving average is $109.77 and its 200 day simple moving average is $130.28. The stock has a market cap of $42.43 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT - Get Free Report) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's dividend payout ratio (DPR) is 50.56%.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of analyst reports. Guggenheim raised their target price on shares of Target from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Bank of America dropped their target price on Target from $160.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Roth Mkm reissued a "neutral" rating and issued a $122.00 price target (down from $131.00) on shares of Target in a research note on Wednesday, March 5th. Baird R W cut Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, The Goldman Sachs Group lowered shares of Target from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $142.00 to $101.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $132.37.

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.