Integral Investment Advisors Inc. Acquires 343 Shares of Target Co. (NYSE:TGT)

Integral Investment Advisors Inc. boosted its holdings in Target Co. (NYSE:TGT) by 24.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,725 shares of the retailer’s stock after acquiring an additional 343 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Target were worth $233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TGT. Legacy Investment Solutions LLC bought a new position in shares of Target during the 3rd quarter valued at $28,000. MCF Advisors LLC lifted its holdings 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 buying an additional 163 shares during the period. Raleigh Capital Management Inc. lifted its holdings in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares during the period. FSA Wealth Management LLC bought a new position in shares of Target during the 3rd quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Target during the 3rd quarter valued at $38,000. 79.73% of the stock is owned by institutional investors.

Target Trading Down 2.9 %

Shares of Target stock opened at $124.40 on Friday. The firm has a market cap of $57.00 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15. The business has a 50-day moving average price of $134.41 and a 200-day moving average price of $142.74. 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 twelve month low of $120.21 and a twelve month high of $181.86.

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

Target Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a research note on Saturday. Bank of America reduced their price objective on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Finally, Guggenheim upped their price objective on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Target presently has an average rating of “Hold” and a consensus price target of $157.70.

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.