Oxinas Partners Wealth Management LLC Purchases Shares of 1,269 Target Co. (NYSE:TGT)

Oxinas Partners Wealth Management LLC acquired a new position in Target Co. (NYSE:TGT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,269 shares of the retailer’s stock, valued at approximately $225,000.

A number of other large investors have also recently made changes to their positions in TGT. InTrack Investment Management Inc purchased a new stake in Target in the first quarter worth about $249,000. Woodmont Investment Counsel LLC lifted its stake in shares of Target by 637.4% in the 1st quarter. Woodmont Investment Counsel LLC now owns 12,705 shares of the retailer’s stock valued at $2,251,000 after purchasing an additional 10,982 shares during the period. Westhampton Capital LLC bought a new stake in shares of Target during the first quarter valued at approximately $204,000. Farmers & Merchants Investments Inc. grew its stake in Target by 0.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 58,659 shares of the retailer’s stock worth $10,395,000 after purchasing an additional 200 shares during the period. Finally, Tributary Capital Management LLC bought a new position in Target in the first quarter worth $115,000. 79.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on TGT. Citigroup upgraded shares of Target from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Tuesday, May 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $195.00 target price on shares of Target in a research note on Wednesday, May 22nd. The Goldman Sachs Group increased their target price on Target from $176.00 to $194.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. DA Davidson lifted their price target on Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, BNP Paribas initiated coverage on shares of Target in a research note on Monday, June 3rd. They issued an “underperform” rating and a $116.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $177.61.

Target Trading Down 0.2 %

Shares of TGT traded down $0.35 during midday trading on Tuesday, hitting $145.39. The stock had a trading volume of 3,234,873 shares, compared to its average volume of 3,933,216. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.27. The stock’s 50 day moving average is $152.54 and its 200 day moving average is $153.36. The firm has a market cap of $67.26 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.39 and a beta of 1.19.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The firm had revenue of $24.14 billion during the quarter, compared to analysts’ expectations of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. As a group, analysts forecast that Target Co. will post 9.32 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, August 21st. This is an increase from Target’s previous quarterly dividend of $1.10. Target’s dividend payout ratio is 49.38%.

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.