290 Shares in Target Co. (NYSE:TGT) Bought by Hager Investment Management Services LLC

Hager Investment Management Services LLC acquired a new stake in shares of Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 290 shares of the retailer’s stock, valued at approximately $39,000.

Several other institutional investors have also modified their holdings of TGT. Czech National Bank raised its holdings in shares of Target by 6.9% during the third quarter. Czech National Bank now owns 94,277 shares of the retailer’s stock valued at $14,694,000 after acquiring an additional 6,119 shares during the last quarter. Alpha Cubed Investments LLC acquired a new position in Target in the 3rd quarter valued at $207,000. Dynamic Advisor Solutions LLC lifted its holdings in Target by 1.9% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 9,880 shares of the retailer’s stock valued at $1,540,000 after purchasing an additional 187 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in Target by 39.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 3,528 shares of the retailer’s stock worth $550,000 after purchasing an additional 995 shares during the last quarter. Finally, Brookstone Capital Management boosted its stake in Target by 6.5% during the 3rd quarter. Brookstone Capital Management now owns 15,021 shares of the retailer’s stock worth $2,341,000 after purchasing an additional 911 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Target stock opened at $135.27 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The firm has a market cap of $61.98 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15. The company’s 50 day moving average is $135.05 and its two-hundred day moving average is $144.11.

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 analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter last year, the business posted $2.10 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, research analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.31%. Target’s payout ratio is 47.51%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. BMO Capital Markets lowered their target price on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a report on Wednesday, November 20th. Sanford C. Bernstein boosted their price objective on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 28th. Finally, Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $157.70.

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.