Target Co. (NYSE:TGT) Shares Purchased by Avitas Wealth Management LLC

Avitas Wealth Management LLC boosted its position in Target Co. (NYSE:TGT) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,707 shares of the retailer’s stock after purchasing an additional 156 shares during the quarter. Avitas Wealth Management LLC’s holdings in Target were worth $4,016,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in Target in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC raised its stake in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the last quarter. MCF Advisors LLC raised its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in Target in the 3rd quarter valued at $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

TGT stock opened at $135.57 on Wednesday. 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 firm has a market capitalization of $62.12 billion, a P/E ratio of 14.38, a P/E/G ratio of 2.24 and a beta of 1.15. The business’s 50-day moving average is $134.87 and its two-hundred day moving average is $144.21. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

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

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analyst Upgrades and Downgrades

TGT has been the subject of several analyst reports. HSBC cut 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. Sanford C. Bernstein upped their target price on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. Oppenheimer restated an “outperform” rating and issued a $165.00 target price on shares of Target in a report on Monday, November 25th. TD Cowen dropped their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Finally, Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.