Target Co. (NYSE:TGT) Shares Purchased by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC increased its position in shares of Target Co. (NYSE:TGT) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 11,758 shares of the retailer’s stock after acquiring an additional 202 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Target were worth $1,589,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. RBA Wealth Management LLC purchased a new position in shares of Target in the 4th quarter valued at about $438,000. E&G Advisors LP increased its stake in Target by 11.8% during the fourth quarter. E&G Advisors LP now owns 2,451 shares of the retailer’s stock worth $331,000 after acquiring an additional 259 shares during the last quarter. Lazari Capital Management Inc. boosted its position in Target by 21.7% during the 4th quarter. Lazari Capital Management Inc. now owns 2,034 shares of the retailer’s stock worth $275,000 after purchasing an additional 363 shares during the period. JB Capital LLC increased its stake in Target by 6.5% during the 4th quarter. JB Capital LLC now owns 22,151 shares of the retailer’s stock worth $2,994,000 after buying an additional 1,349 shares during the period. Finally, NavPoint Financial Inc. raised its stake in shares of Target by 39.8% in the 4th quarter. NavPoint Financial Inc. now owns 14,475 shares of the retailer’s stock valued at $1,957,000 after purchasing an additional 4,121 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of NYSE TGT opened at $134.24 on Tuesday. The firm has a market cap of $61.51 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 2.24 and a beta of 1.15. 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. The stock’s fifty day moving average price is $134.80 and its two-hundred day moving average price is $144.33.

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

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is 47.51%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $150.00 target price on shares of Target in a research note on Friday, January 17th. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Guggenheim upped their target price on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Citigroup lifted their price objective on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Finally, HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Target has an average rating of “Hold” and a consensus price target of $157.70.

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.