Target Co. (NYSE:TGT) Holdings Raised by Buckley Wealth Management LLC

Buckley Wealth Management LLC grew its position in Target Co. (NYSE:TGT) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,595 shares of the retailer’s stock after acquiring an additional 250 shares during the quarter. Buckley Wealth Management LLC’s holdings in Target were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of Target in the 3rd quarter valued at approximately $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Target in the 4th quarter valued at approximately $29,000. FSA Wealth Management LLC bought a new stake in shares of Target in the 3rd quarter valued at approximately $36,000. MCF Advisors LLC increased its holdings 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 acquiring an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TGT shares. DA Davidson lowered their price target on Target from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. TD Cowen lowered their price objective on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. StockNews.com downgraded Target from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company lowered their price objective on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Finally, Oppenheimer lowered their price objective on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Target has an average rating of “Hold” and a consensus target price of $145.87.

Target Trading Up 0.2 %

Shares of NYSE TGT opened at $104.71 on Friday. Target Co. has a 12 month low of $103.46 and a 12 month high of $181.86. The company has a market cap of $47.98 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 1.94 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $129.35 and a 200-day simple moving average of $139.88.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Sell-side analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.28%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

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.