Target Co. (NYSE:TGT) Shares Bought by Financial Management Professionals Inc.

Financial Management Professionals Inc. grew its holdings in Target Co. (NYSE:TGT) by 24.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,171 shares of the retailer’s stock after purchasing an additional 427 shares during the period. Financial Management Professionals Inc.’s holdings in Target were worth $385,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Target in the fourth quarter worth $28,000. Rakuten Securities Inc. acquired a new position in shares of Target in the fourth quarter worth $29,000. Private Wealth Management Group LLC acquired a new position in shares of Target in the fourth quarter worth $29,000. Scarborough Advisors LLC acquired a new position in shares of Target in the fourth quarter worth $29,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Target in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Up 1.0 %

Shares of NYSE TGT opened at $148.14 on Friday. The company’s fifty day moving average is $152.97 and its 200-day moving average is $153.10. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 1.38 and a beta of 1.20. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.

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

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be given a $1.12 dividend. This is a boost from Target’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a yield of 3.02%. The ex-dividend date is Wednesday, August 21st. Target’s payout ratio is currently 49.38%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Guggenheim upped their price target on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Stifel Nicolaus increased their target price on shares of Target from $153.00 to $177.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. StockNews.com downgraded shares of Target from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 23rd. Roth Mkm reissued a “neutral” rating and set a $153.00 target price on shares of Target in a research report on Thursday, May 23rd. Finally, UBS Group lowered their target price on shares of Target from $191.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.61.

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.