Millstone Evans Group LLC Makes New Investment in Target Co. (NYSE:TGT)

Millstone Evans Group LLC bought a new position in Target Co. (NYSE:TGT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,583 shares of the retailer’s stock, valued at approximately $484,000.

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

Target Stock Performance

Shares of Target stock opened at $104.29 on Friday. The company has a market cap of $47.51 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a 52 week low of $101.76 and a 52 week high of $181.86. The business has a 50 day moving average price of $125.89 and a 200-day moving average price of $138.13. 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 (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Equities analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TGT shares. Roth Capital set a $122.00 price target on Target in a research report on Wednesday, March 5th. KGI Securities set a $132.00 price target on Target in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price target on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. DA Davidson cut their target price on Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Oppenheimer cut their target price on Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $145.55.

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.