Thurston Springer Miller Herd & Titak Inc. Grows Stock Holdings in Target Co. (NYSE:TGT)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Target Co. (NYSE:TGT) by 44.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,078 shares of the retailer’s stock after buying an additional 1,554 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Target were worth $686,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TGT. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the third quarter worth about $28,000. Wolff Wiese Magana LLC boosted its stake in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC purchased a new stake in Target during the 3rd quarter valued at approximately $36,000. Catalyst Capital Advisors LLC bought a new stake in shares of Target during the third quarter valued at approximately $38,000. Finally, First Financial Corp IN boosted its position in shares of Target by 330.8% during the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock worth $38,000 after acquiring an additional 215 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Target Price Performance

Shares of TGT stock opened at $134.58 on Thursday. The company has a market capitalization of $61.67 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.21 and a beta of 1.16. The company’s 50-day simple moving average is $137.06 and its two-hundred day simple moving average is $145.39. Target Co. has a one year low of $120.21 and a one year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last announced 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 firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company earned $2.10 EPS. As a group, equities analysts anticipate that Target Co. will post 8.6 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.33%. Target’s payout ratio is currently 47.51%.

Analyst Ratings Changes

A number of analysts have issued reports on TGT shares. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Melius Research began coverage on Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 price target for the company. StockNews.com downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Roth Mkm lowered their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, BMO Capital Markets cut their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. 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. Based on data from MarketBeat, Target has a consensus rating of “Hold” and an average target price of $160.57.

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.