Daymark Wealth Partners LLC Has $9.08 Million Stock Holdings in Target Co. (NYSE:TGT)

Daymark Wealth Partners LLC raised its position in Target Co. (NYSE:TGT) by 8.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 67,162 shares of the retailer’s stock after buying an additional 5,228 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Target were worth $9,079,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in Target in the third quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its position in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. MCF Advisors LLC boosted its stake in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Target during the 3rd quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Target during the third quarter worth approximately $38,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

NYSE TGT opened at $137.28 on Wednesday. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm has a market capitalization of $62.90 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 2.17 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm’s 50 day simple moving average is $135.37 and its 200 day simple moving average is $145.01.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, research analysts expect that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.26%. Target’s dividend payout ratio is currently 47.51%.

Analysts Set New Price Targets

A number of analysts have commented on TGT shares. TD Cowen lowered their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and dropped their price objective for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. Bank of America reduced their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Target in a research note on Monday, November 25th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $150.00 price objective on shares of Target in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $158.23.

About Target

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.