Robinson Value Management Ltd. Increases Stock Holdings in Target Co. (NYSE:TGT)

Robinson Value Management Ltd. increased its holdings in shares of Target Co. (NYSE:TGT) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,721 shares of the retailer’s stock after buying an additional 487 shares during the quarter. Target accounts for about 1.7% of Robinson Value Management Ltd.’s portfolio, making the stock its 21st largest position. Robinson Value Management Ltd.’s holdings in Target were worth $2,531,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management grew its stake in Target by 6.5% during the 3rd quarter. Brookstone Capital Management now owns 15,021 shares of the retailer’s stock valued at $2,341,000 after purchasing an additional 911 shares during the last quarter. CWM LLC grew its stake in Target by 9.7% during the 3rd quarter. CWM LLC now owns 62,630 shares of the retailer’s stock valued at $9,762,000 after purchasing an additional 5,529 shares during the last quarter. Wedmont Private Capital grew its stake in Target by 3.7% during the 3rd quarter. Wedmont Private Capital now owns 5,081 shares of the retailer’s stock valued at $757,000 after purchasing an additional 179 shares during the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in Target during the 3rd quarter valued at about $469,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Target by 366.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,907 shares of the retailer’s stock valued at $609,000 after purchasing an additional 3,069 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Trading Down 2.5 %

Shares of NYSE TGT opened at $131.29 on Friday. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $135.22 and a 200-day simple moving average of $143.84. The stock has a market capitalization of $60.16 billion, a PE ratio of 13.92, a PEG ratio of 2.04 and a beta of 1.15.

Target (NYSE:TGT) last issued its quarterly earnings data 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same period in the previous year, the firm posted $2.10 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.41%. Target’s payout ratio is presently 47.51%.

Wall Street Analyst Weigh In

TGT has been the topic of several research analyst reports. Sanford C. Bernstein boosted their price target on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, January 28th. Guggenheim raised their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Wells Fargo & Company dropped their target price on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Bank of America dropped their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Finally, Stifel Nicolaus raised their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $157.70.

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.