Caprock Group LLC Acquires New Holdings in Target Co. (NYSE:TGT)

Caprock Group LLC bought a new position in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,650 shares of the retailer’s stock, valued at approximately $1,305,000.

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

Analysts Set New Price Targets

TGT has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Citigroup boosted their price objective on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a research report on Monday, November 25th. TD Cowen reduced their price target on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $150.00 price objective on shares of Target in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $157.70.

Target Stock Performance

Shares of TGT stock opened at $137.82 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The firm has a market capitalization of $63.15 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16. The firm has a fifty day simple moving average of $134.80 and a two-hundred day simple moving average of $144.41.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the prior year, the firm earned $2.10 earnings per share. Target’s revenue was up .9% compared to the same quarter last year. Analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid 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 3.25%. Target’s dividend payout ratio (DPR) 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.