Target Co. (NYSE:TGT) Shares Purchased by Tyler Stone Wealth Management

Tyler Stone Wealth Management increased its holdings in Target Co. (NYSE:TGT) by 42.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,189 shares of the retailer’s stock after purchasing an additional 947 shares during the quarter. Tyler Stone Wealth Management’s holdings in Target were worth $431,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cynosure Group LLC raised its stake in shares of Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after buying an additional 65 shares during the period. Hancock Whitney Corp raised its position in shares of Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after purchasing an additional 68 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after buying an additional 73 shares during the last quarter. Horrell Capital Management Inc. increased its stake in Target by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock worth $3,603,000 after buying an additional 76 shares in the last quarter. Finally, First PREMIER Bank boosted its stake in shares of Target by 21.9% in the fourth quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock worth $61,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.6 %

NYSE TGT opened at $106.05 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market cap of $48.32 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.94 and a beta of 1.18. The firm has a 50 day simple moving average of $124.09 and a 200-day simple moving average of $137.08. Target Co. has a one year low of $101.76 and a one year high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Equities research analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.22%. Target’s dividend payout ratio (DPR) is 50.56%.

Analysts Set New Price Targets

Several research firms recently commented on TGT. Guggenheim increased their price objective on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Jefferies Financial Group lowered their target price on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. KGI Securities set a $132.00 price target on Target in a report on Wednesday, March 5th. Telsey Advisory Group lowered their price objective on Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. Finally, Bank of America cut their target price on Target from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $145.55.

Target 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.