Arkfeld Wealth Strategies L.L.C. Raises Position in Target Co. (NYSE:TGT)

Arkfeld Wealth Strategies L.L.C. boosted its holdings in Target Co. (NYSE:TGT) by 0.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,606 shares of the retailer’s stock after purchasing an additional 80 shares during the period. Target comprises 1.0% of Arkfeld Wealth Strategies L.L.C.’s portfolio, making the stock its 21st largest position. Arkfeld Wealth Strategies L.L.C.’s holdings in Target were worth $1,820,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Target during the 4th quarter worth approximately $28,000. Private Wealth Management Group LLC acquired a new stake in shares of Target in the fourth quarter worth $29,000. Rakuten Securities Inc. acquired a new stake in shares of Target in the fourth quarter worth $29,000. Scarborough Advisors LLC bought a new position in Target during the fourth quarter valued at about $29,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Target during the first quarter worth about $38,000. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TGT. Tigress Financial boosted their price objective on shares of Target from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. HSBC upgraded shares of Target from a “hold” rating to a “buy” rating and upped their target price for the company from $140.00 to $195.00 in a research report on Wednesday, March 6th. Evercore ISI upped their target price on shares of Target from $165.00 to $166.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. Roth Mkm reiterated a “neutral” rating and set a $153.00 target price on shares of Target in a research report on Thursday, May 23rd. Finally, DA Davidson upped their target price on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Target has a consensus rating of “Moderate Buy” and an average target price of $177.61.

Target Trading Up 0.3 %

Shares of TGT stock traded up $0.40 on Wednesday, hitting $147.17. 2,446,755 shares of the company’s stock traded hands, compared to its average volume of 3,890,486. The stock has a market capitalization of $68.09 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.38 and a beta of 1.20. Target Co. has a one year low of $102.93 and a one year high of $181.86. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.27 and a current ratio of 0.86. The company’s fifty day simple moving average is $154.11 and its 200 day simple moving average is $153.11.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The firm had revenue of $24.14 billion during the quarter, compared to the consensus estimate of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. Target’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $2.05 EPS. Equities analysts forecast that Target Co. will post 9.32 EPS for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, August 21st. This is a positive change from Target’s previous quarterly dividend of $1.10. Target’s dividend payout ratio (DPR) is 49.38%.

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.