Moran Wealth Management LLC boosted its holdings in Target Co. (NYSE:TGT - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,224 shares of the retailer's stock after purchasing an additional 11,351 shares during the quarter. Moran Wealth Management LLC's holdings in Target were worth $7,060,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans grew its position in Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer's stock valued at $4,368,000 after purchasing an additional 490 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in Target by 25.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock worth $2,430,000 after acquiring an additional 3,590 shares during the last quarter. Northeast Financial Group Inc. purchased a new position in Target during the 4th quarter worth $1,566,000. D.A. Davidson & CO. boosted its holdings in Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer's stock worth $18,619,000 after acquiring an additional 9,510 shares during the last quarter. Finally, LMG Wealth Partners LLC purchased a new position in Target during the 4th quarter worth $1,438,000. Institutional investors and hedge funds own 79.73% of the company's stock.
Target Price Performance
Shares of TGT traded down $0.97 during midday trading on Tuesday, hitting $112.88. 8,266,593 shares of the company traded hands, compared to its average volume of 6,088,292. The stock has a 50-day moving average of $131.18 and a 200-day moving average of $140.74. Target Co. has a one year low of $111.84 and a one year high of $181.86. The firm has a market cap of $51.72 billion, a P/E ratio of 11.97, a PEG ratio of 1.94 and a beta of 1.18. 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 (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion for the quarter, compared to analysts' expectations of $30.83 billion. As a group, sell-side analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.
Target Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Wednesday, February 12th. Target's payout ratio is 50.56%.
Wall Street Analysts Forecast Growth
TGT has been the topic of a number of analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Target in a report on Wednesday, March 5th. Wells Fargo & Company cut their price objective on shares of Target from $150.00 to $135.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Roth Capital set a $122.00 price objective on shares of Target in a report on Wednesday, March 5th. KGI Securities set a $132.00 price objective on shares of Target in a report on Wednesday, March 5th. Finally, HSBC downgraded shares of Target from a "buy" rating to a "hold" rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $145.87.
View Our Latest Research Report on TGT
About Target
(
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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