850 Shares in Target Co. (NYSE:TGT) Acquired by Graney & King LLC

Graney & King LLC acquired a new stake in Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 850 shares of the retailer’s stock, valued at approximately $115,000.

Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in Target during the 3rd quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new position in Target during the fourth quarter valued at approximately $29,000. MCF Advisors LLC raised its stake in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter valued at $36,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Trading Down 2.8 %

Shares of TGT opened at $105.37 on Wednesday. The firm’s fifty day moving average is $124.66 and its two-hundred day moving average is $137.30. The stock has a market cap of $48.00 billion, a PE ratio of 11.17, a price-to-earnings-growth 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. Target Co. has a 52-week low of $101.76 and a 52-week high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Research analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.25%. Target’s payout ratio is 50.56%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. The Goldman Sachs Group lowered their price target on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. UBS Group reduced their price objective on shares of Target from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Wells Fargo & Company lowered their target price on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Finally, KGI Securities set a $132.00 price target on Target in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $145.55.

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.