Target Co. (NYSE:TGT) Shares Acquired by GeoWealth Management LLC

GeoWealth Management LLC raised its holdings in Target Co. (NYSE:TGT) by 23.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,422 shares of the retailer’s stock after purchasing an additional 1,212 shares during the quarter. GeoWealth Management LLC’s holdings in Target were worth $868,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Bernard Wealth Management Corp. acquired a new stake in Target in the fourth quarter valued at $30,000. Hopwood Financial Services Inc. acquired a new position in Target during the fourth quarter worth about $29,000. MCF Advisors LLC increased its holdings in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of 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 acquiring an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC increased its stake in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after purchasing an additional 85 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

NYSE:TGT opened at $93.13 on Friday. Target Co. has a twelve month low of $87.35 and a twelve month high of $169.09. The firm has a market capitalization of $42.43 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.94 and a beta of 1.28. 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 fifty day simple moving average is $108.98 and its 200 day simple moving average is $129.73.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $30.83 billion. As a group, equities research analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders 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 dividend on an annualized basis and a yield of 4.81%. Target’s payout ratio is currently 50.56%.

Wall Street Analysts Forecast Growth

TGT has been the topic of several recent research reports. UBS Group decreased their price objective on shares of Target from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Evercore ISI dropped their price objective on shares of Target from $130.00 to $120.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. KGI Securities set a $132.00 target price on Target in a report on Wednesday, March 5th. Guggenheim boosted their price target on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, DA Davidson dropped their price objective on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $132.37.

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.