2,849 Shares in Target Co. (NYSE:TGT) Bought by GFG Capital LLC

GFG Capital LLC acquired a new position in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,849 shares of the retailer’s stock, valued at approximately $385,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. Legacy Investment Solutions LLC bought a new stake in Target during the 3rd quarter worth $28,000. Wolff Wiese Magana LLC grew its position in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the last quarter. MCF Advisors LLC grew its position in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in Target during the 3rd quarter worth about $36,000. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 target price on shares of Target in a report on Friday, January 17th. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a report on Thursday. Guggenheim lifted their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Evercore ISI cut their target price on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $157.70.

Target Stock Performance

Shares of TGT opened at $128.72 on Friday. The firm has a market capitalization of $58.98 billion, a P/E ratio of 13.65, a P/E/G ratio of 2.04 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a 50 day moving average price of $135.20 and a two-hundred day moving average price of $143.44. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86.

Target (NYSE:TGT) last released its 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). The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $2.10 earnings per share. Equities analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

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.