Lazari Capital Management Inc. Buys 363 Shares of Target Co. (NYSE:TGT)

Lazari Capital Management Inc. grew its stake in shares of Target Co. (NYSE:TGT) by 21.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,034 shares of the retailer’s stock after acquiring an additional 363 shares during the period. Lazari Capital Management Inc.’s holdings in Target were worth $275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TGT. Legacy Investment Solutions LLC purchased a new position in Target during the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC increased its holdings in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares during the period. FSA Wealth Management LLC purchased a new position in Target during the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC purchased a new position in Target during the third quarter valued at approximately $38,000. Finally, MCF Advisors LLC increased its holdings in Target by 175.3% during 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 during the period. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TGT shares. Guggenheim lifted their price objective on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Stifel Nicolaus lifted their price target on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Target in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and cut their price target for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Finally, Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $157.70.

Target Price Performance

Shares of NYSE TGT opened at $137.82 on Monday. The firm has a market capitalization of $63.15 billion, a P/E ratio of 14.61, a PEG ratio of 2.24 and a beta of 1.15. Target Co. has a one year low of $120.21 and a one year high of $181.86. The company’s fifty day moving average is $134.80 and its two-hundred day moving average is $144.33. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the prior year, the company earned $2.10 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

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.