Target Co. (NYSE:TGT) Shares Acquired by Oarsman Capital Inc.

Oarsman Capital Inc. increased its position in shares of Target Co. (NYSE:TGT) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,202 shares of the retailer’s stock after acquiring an additional 1,392 shares during the period. Oarsman Capital Inc.’s holdings in Target were worth $1,920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new stake in shares of Target in the 3rd quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new position in shares of Target in the fourth quarter valued at $29,000. MCF Advisors LLC lifted its position in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Target by 110.7% in 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, OFI Invest Asset Management acquired a new stake in shares of Target during the fourth quarter worth $36,000. 79.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on TGT shares. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Sanford C. Bernstein restated a “market perform” rating on shares of Target in a research report on Wednesday, March 5th. Evercore ISI decreased their price objective on shares of Target from $130.00 to $120.00 and set an “in-line” rating for the company in a research note on Tuesday. Roth Mkm reissued a “neutral” rating and set a $122.00 target price (down from $131.00) on shares of Target in a research note on Wednesday, March 5th. Finally, Guggenheim raised their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $140.24.

Target Stock Up 1.5 %

Shares of TGT stock opened at $95.70 on Friday. The stock has a 50 day moving average of $119.41 and a 200-day moving average of $134.85. The firm has a market cap of $43.60 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. 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 Co. has a 12 month low of $90.62 and a 12 month high of $173.05.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 4.06% and a return on equity of 31.11%. On average, equities analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.68%. Target’s dividend payout ratio is currently 50.56%.

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.