Invesco LLC Boosts Holdings in Target Co. (NYSE:TGT)

Invesco LLC grew its holdings in Target Co. (NYSE:TGT) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,196 shares of the retailer’s stock after acquiring an additional 167 shares during the quarter. Invesco LLC’s holdings in Target were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TGT. Legacy Investment Solutions LLC purchased a new stake in Target during the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC lifted 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 worth $34,000 after buying an additional 133 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of Target during the third quarter valued at $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target in the 3rd quarter valued at $38,000. Finally, MCF Advisors LLC raised its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 0.3 %

NYSE:TGT traded up $0.42 on Wednesday, reaching $141.48. The company’s stock had a trading volume of 157,886 shares, compared to its average volume of 4,985,854. The firm has a market cap of $64.83 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. 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 12-month low of $120.21 and a 12-month high of $181.86. The stock has a 50 day moving average price of $133.80 and a 200 day moving average price of $144.64.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.10 EPS. On average, equities analysts anticipate that Target Co. will post 8.68 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. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Wall Street Analyst Weigh In

TGT has been the topic of a number of research reports. StockNews.com raised Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Citigroup lifted their price objective on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Sanford C. Bernstein increased their price objective on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Roth Mkm reduced their price objective on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $157.70.

About Target

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.