Target Co. (NYSE:TGT) Shares Purchased by SOL Capital Management CO

SOL Capital Management CO raised its position in Target Co. (NYSE:TGT) by 27.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,880 shares of the retailer’s stock after acquiring an additional 840 shares during the period. SOL Capital Management CO’s holdings in Target were worth $524,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TGT. Cynosure Group LLC lifted its holdings in Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after acquiring an additional 65 shares during the last quarter. Financial Advocates Investment Management raised its position in Target by 1.2% in the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after purchasing an additional 67 shares during the period. Hancock Whitney Corp raised its holdings in shares of Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after buying an additional 68 shares during the period. Trust Co. of Vermont lifted its position in shares of Target by 0.4% during the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after purchasing an additional 69 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC lifted its holdings in Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TGT shares. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Roth Mkm dropped their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Guggenheim increased their price objective on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $150.00 target price on shares of Target in a research note on Friday, January 17th. One research 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 data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $157.70.

Target Stock Performance

Shares of TGT opened at $137.82 on Friday. The company has a market capitalization of $63.15 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.28 and a beta of 1.16. 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 Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company’s 50 day simple moving average is $134.54 and its 200 day simple moving average is $144.58.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 EPS. On average, sell-side analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

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

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.