Nelson Capital Management LLC Makes New $310,000 Investment in Target Co. (NYSE:TGT)

Nelson Capital Management LLC bought a new position in Target Co. (NYSE:TGT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,750 shares of the retailer’s stock, valued at approximately $310,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC boosted its stake in shares of Target by 1.3% in the 4th quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock worth $760,000 after buying an additional 70 shares during the last quarter. Godshalk Welsh Capital Management Inc. boosted its stake in shares of Target by 0.9% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock worth $1,158,000 after buying an additional 70 shares during the last quarter. Haverford Trust Co boosted its stake in shares of Target by 0.3% in the 1st quarter. Haverford Trust Co now owns 27,472 shares of the retailer’s stock worth $4,868,000 after buying an additional 70 shares during the last quarter. Welch & Forbes LLC boosted its stake in shares of Target by 0.9% in the 4th quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock worth $1,099,000 after buying an additional 71 shares during the last quarter. Finally, Lineweaver Wealth Advisors LLC boosted its stake in shares of Target by 1.4% in the 1st quarter. Lineweaver Wealth Advisors LLC now owns 5,123 shares of the retailer’s stock worth $909,000 after buying an additional 71 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 1.0 %

NYSE TGT traded up $1.45 during trading hours on Friday, hitting $152.85. 2,675,771 shares of the company were exchanged, compared to its average volume of 3,703,413. The stock has a market cap of $70.71 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.42 and a beta of 1.19. The stock has a 50-day moving average price of $149.92 and a 200 day moving average price of $153.69. Target Co. has a 52 week low of $102.93 and a 52 week 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 released its earnings results on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The business had revenue of $24.14 billion for 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 quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.05 EPS. Analysts forecast that Target Co. will post 9.31 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $1.12 per share. This is a boost from Target’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.93%. Target’s dividend payout ratio is currently 49.38%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TGT shares. Morgan Stanley dropped their price target on Target from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, May 23rd. UBS Group lowered their target price on Target from $191.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. StockNews.com downgraded Target from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 23rd. Truist Financial lowered their target price on Target from $160.00 to $153.00 and set a “hold” rating on the stock in a research report on Thursday, May 23rd. Finally, Gordon Haskett lifted their target price on Target from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $176.57.

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.