Target Co. (NYSE:TGT) Position Increased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. lifted its position in shares of Target Co. (NYSE:TGT) by 20.0% in the 4th quarter, Holdings Channel reports. The fund owned 12,600 shares of the retailer’s stock after buying an additional 2,100 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Target were worth $1,703,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Concurrent Investment Advisors LLC grew its position in shares of Target by 7.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 33,760 shares of the retailer’s stock worth $4,564,000 after acquiring an additional 2,301 shares during the last quarter. LMG Wealth Partners LLC bought a new position in shares of Target during the fourth quarter worth about $1,438,000. Ieq Capital LLC grew its position in shares of Target by 23.2% during the fourth quarter. Ieq Capital LLC now owns 57,528 shares of the retailer’s stock worth $7,777,000 after acquiring an additional 10,824 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Target by 4.8% during the fourth quarter. Private Advisor Group LLC now owns 67,335 shares of the retailer’s stock worth $9,102,000 after acquiring an additional 3,059 shares during the last quarter. Finally, Good Life Advisors LLC grew its position in shares of Target by 16.1% during the fourth quarter. Good Life Advisors LLC now owns 5,097 shares of the retailer’s stock worth $689,000 after acquiring an additional 706 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TGT. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Guggenheim upped their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Roth Mkm reduced their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, Wells Fargo & Company reduced their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Target has an average rating of “Hold” and an average price target of $157.70.

Target Price Performance

Shares of TGT opened at $130.76 on Thursday. The company has a market capitalization of $59.92 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.94 and a beta of 1.15. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The business’s 50-day moving average is $134.75 and its 200-day moving average is $142.84.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The business 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%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 EPS. Equities research analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.43%. Target’s dividend payout ratio is 47.51%.

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.