Financial Network Wealth Management LLC Has $284,000 Stock Position in Target Co. (NYSE:TGT)

Financial Network Wealth Management LLC grew its holdings in Target Co. (NYSE:TGT) by 5.4% during the 4th quarter, HoldingsChannel reports. The firm owned 2,106 shares of the retailer’s stock after purchasing an additional 108 shares during the quarter. Financial Network Wealth Management LLC’s holdings in Target were worth $284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of Target in the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. bought a new position in shares of Target in the 4th quarter valued at $29,000. MCF Advisors LLC grew its position in Target by 175.3% during 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. Raleigh Capital Management Inc. grew its position in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter worth $36,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Down 0.7 %

TGT stock opened at $104.19 on Friday. The stock’s 50 day simple moving average is $126.64 and its 200 day simple moving average is $138.47. Target Co. has a fifty-two week low of $103.46 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The company has a market cap of $47.47 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. On average, research analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is currently 50.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TGT shares. TD Cowen reduced their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. DA Davidson reduced their price objective on Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. KGI Securities set a $132.00 price objective on Target in a research report on Wednesday, March 5th. Stifel Nicolaus reduced their price objective on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group reduced their price objective on Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and an average price target of $145.55.

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.