Target Co. (NYSE:TGT) Shares Bought by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC lifted its holdings in Target Co. (NYSE:TGT) by 29.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,354 shares of the retailer’s stock after purchasing an additional 3,231 shares during the period. Sierra Summit Advisors LLC’s holdings in Target were worth $1,940,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Nicholas Company Inc. grew its position in Target by 20.5% in the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock worth $7,544,000 after buying an additional 9,485 shares during the last quarter. River Road Asset Management LLC raised its position in shares of Target by 144.9% during the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock worth $31,699,000 after purchasing an additional 138,751 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Target during the fourth quarter worth $6,459,000. Wilmington Savings Fund Society FSB boosted its position in shares of Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after purchasing an additional 3,590 shares during the period. Finally, Stevens Capital Management LP increased its stake in Target by 185.4% in the 4th quarter. Stevens Capital Management LP now owns 14,628 shares of the retailer’s stock worth $1,977,000 after purchasing an additional 9,502 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

Shares of Target stock opened at $95.70 on Monday. Target Co. has a 1-year low of $90.62 and a 1-year high of $173.05. The firm has a fifty day simple moving average of $119.41 and a 200-day simple moving average of $134.60. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $43.60 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.68%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is currently 50.56%.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of analyst reports. KGI Securities set a $132.00 price objective on shares of Target in a research note on Wednesday, March 5th. The Goldman Sachs Group decreased their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Citigroup lowered their price objective on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Wednesday, April 2nd. Finally, Stifel Nicolaus lowered their price target on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and an average target price of $140.24.

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.