Crowley Wealth Management Inc. Makes New $52,000 Investment in Target Co. (NYSE:TGT)

Crowley Wealth Management Inc. bought a new position in shares of Target Co. (NYSE:TGT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 383 shares of the retailer’s stock, valued at approximately $52,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cynosure Group LLC lifted its stake in Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the last quarter. Hancock Whitney Corp increased its holdings in shares of Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Target by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after buying an additional 73 shares in the last quarter. Cahill Financial Advisors Inc. increased its holdings in shares of Target by 1.0% during the third quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer’s stock worth $1,197,000 after buying an additional 76 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC increased its holdings in shares of Target by 2.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock worth $483,000 after buying an additional 76 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on TGT shares. Telsey Advisory Group lowered their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Stifel Nicolaus lowered their price target on shares of Target from $130.00 to $120.00 and set a “hold” rating for the company in a report on Thursday. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. decreased their price objective on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Finally, Wells Fargo & Company decreased their price objective on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.55.

Target Price Performance

Shares of NYSE TGT opened at $104.29 on Monday. Target Co. has a fifty-two week low of $101.76 and a fifty-two week high of $181.86. The stock has a market cap of $47.51 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.94 and a beta of 1.18. 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 firm’s 50-day simple moving average is $125.89 and its 200 day simple moving average is $137.93.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. As a group, research analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal 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 $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.30%. 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.