Target Co. (NYSE:TGT) Stake Raised by Tectonic Advisors LLC

Tectonic Advisors LLC raised its holdings in shares of Target Co. (NYSE:TGT) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,754 shares of the retailer’s stock after acquiring an additional 690 shares during the quarter. Tectonic Advisors LLC’s holdings in Target were worth $913,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TGT. Thrivent Financial for Lutherans increased its stake in Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after buying an additional 490 shares during the period. Northeast Financial Group Inc. acquired a new position in shares of Target in the fourth quarter worth $1,566,000. D.A. Davidson & CO. raised its holdings in shares of Target by 8.6% during the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after acquiring an additional 9,510 shares in the last quarter. Prana Capital Management LP boosted its position in Target by 47.5% during the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after purchasing an additional 69,885 shares during the last quarter. Finally, Polianta Ltd grew its stake in Target by 39.2% in the fourth quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock valued at $1,392,000 after purchasing an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of a number of recent research reports. Guggenheim raised their price target on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. TD Cowen cut their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. BMO Capital Markets decreased their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a report on Wednesday, November 20th. Finally, Hsbc Global Res cut shares of 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 issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $157.70.

Target Trading Down 0.2 %

Shares of TGT stock opened at $135.27 on Thursday. The firm has a fifty day moving average of $135.05 and a 200-day moving average of $144.11. The stock has a market cap of $61.98 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 2.24 and a beta of 1.15. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $25.87 billion. During the same quarter in the prior year, the business earned $2.10 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Target Company 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.