Regal Investment Advisors LLC Grows Holdings in Target Co. (NYSE:TGT)

Regal Investment Advisors LLC boosted its holdings in shares of Target Co. (NYSE:TGT - Free Report) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,242 shares of the retailer's stock after buying an additional 4,027 shares during the quarter. Regal Investment Advisors LLC's holdings in Target were worth $6,927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Invst LLC lifted its position in shares of Target by 2.4% in the third quarter. Invst LLC now owns 11,760 shares of the retailer's stock worth $1,833,000 after buying an additional 276 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of Target by 5.6% during the 3rd quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer's stock worth $257,000 after acquiring an additional 90 shares in the last quarter. World Investment Advisors LLC boosted its position in shares of Target by 142.5% during the 3rd quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer's stock valued at $1,026,000 after acquiring an additional 3,870 shares during the last quarter. Arvest Bank Trust Division purchased a new position in shares of Target in the third quarter valued at $1,684,000. Finally, Wilmington Savings Fund Society FSB increased its position in Target by 331.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 14,387 shares of the retailer's stock worth $2,242,000 after purchasing an additional 11,054 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TGT has been the subject of a number of recent research reports. Evercore ISI dropped their price objective on shares of Target from $130.00 to $120.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Oppenheimer reduced their price objective on Target from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Target in a research note on Wednesday, March 5th. Citigroup cut their target price on Target from $120.00 to $95.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Roth Capital set a $122.00 price objective on shares of Target in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Target presently has a consensus rating of "Hold" and an average price target of $132.37.

Target Stock Performance

Shares of NYSE TGT traded up $2.67 during midday trading on Friday, reaching $93.13. The company had a trading volume of 5,347,533 shares, compared to its average volume of 5,608,183. The stock has a market cap of $42.43 billion, a P/E ratio of 9.88, a P/E/G ratio of 1.94 and a beta of 1.28. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 1 year low of $87.35 and a 1 year high of $169.09. The business's 50-day simple moving average is $108.98 and its 200 day simple moving average is $129.87.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $30.83 billion. On average, analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.81%. Target's payout ratio is currently 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.