MSH Capital Advisors LLC Acquires Shares of 11,919 Target Co. (NYSE:TGT)

MSH Capital Advisors LLC purchased a new position in Target Co. (NYSE:TGT - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,919 shares of the retailer's stock, valued at approximately $1,611,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new position in Target in the 4th quarter worth about $29,000. Bernard Wealth Management Corp. purchased a new stake in Target in the 4th quarter worth approximately $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. grew its holdings 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 acquiring an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC increased its stake 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 acquiring an additional 85 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

Shares of NYSE:TGT traded up $2.67 on Friday, hitting $93.13. The stock had a trading volume of 5,347,533 shares, compared to its average volume of 5,608,183. The company has a market capitalization of $42.43 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm's 50 day moving average price is $109.77 and its 200-day moving average price is $130.28. Target Co. has a twelve month low of $87.35 and a twelve month high of $169.09.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to analysts' expectations of $30.83 billion. On average, equities research analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

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

Analyst Upgrades and Downgrades

TGT has been the topic of a number of recent research reports. Evercore ISI lowered their target price on Target from $130.00 to $120.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Roth Capital set a $122.00 price objective on shares of Target in a research report on Wednesday, March 5th. Telsey Advisory Group decreased their target price on shares of Target from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. KGI Securities set a $132.00 price target on shares of Target in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their price objective on shares of Target from $165.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $132.37.

Target 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.