Target Co. (NYSE:TGT) Shares Purchased by Acropolis Investment Management LLC

Acropolis Investment Management LLC increased its stake in shares of Target Co. (NYSE:TGT – Get Rating) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,517 shares of the retailer’s stock after purchasing an additional 343 shares during the period. Acropolis Investment Management LLC’s holdings in Target were worth $822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Plancorp LLC raised its position in shares of Target by 2.1% during the 1st quarter. Plancorp LLC now owns 2,520 shares of the retailer’s stock worth $535,000 after purchasing an additional 53 shares during the last quarter. Physicians Financial Services Inc. raised its holdings in Target by 0.4% in the 2nd quarter. Physicians Financial Services Inc. now owns 14,882 shares of the retailer’s stock valued at $2,102,000 after acquiring an additional 59 shares during the last quarter. Oliver Lagore Vanvalin Investment Group raised its holdings in Target by 13.5% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 506 shares of the retailer’s stock valued at $75,000 after acquiring an additional 60 shares during the last quarter. Titleist Asset Management LTD. raised its holdings in Target by 1.7% in the 3rd quarter. Titleist Asset Management LTD. now owns 3,644 shares of the retailer’s stock valued at $541,000 after acquiring an additional 62 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in Target by 3.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 1,921 shares of the retailer’s stock valued at $271,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 78.86% of the company’s stock.

Target Price Performance

Shares of TGT opened at $159.36 on Friday. Target Co. has a twelve month low of $137.16 and a twelve month high of $254.87. The firm’s fifty day simple moving average is $166.27 and its 200-day simple moving average is $160.73. The firm has a market capitalization of $73.36 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 1.31 and a beta of 1.05. The company has a current ratio of 0.92, a quick ratio of 0.22 and a debt-to-equity ratio of 1.43.

Target (NYSE:TGT – Get Rating) last announced its quarterly earnings results on Tuesday, February 28th. The retailer reported $1.89 EPS for the quarter, topping the consensus estimate of $1.40 by $0.49. Target had a net margin of 2.55% and a return on equity of 25.63%. The firm had revenue of $31.40 billion for the quarter, compared to analyst estimates of $30.73 billion. During the same period last year, the business earned $3.19 EPS. Target’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts forecast that Target Co. will post 8.35 EPS for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. Investors of record on Wednesday, May 17th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.71%. Target’s dividend payout ratio is currently 72.24%.

Wall Street Analyst Weigh In

A number of research firms have commented on TGT. Cowen cut their price objective on shares of Target from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, February 15th. Wells Fargo & Company downgraded shares of Target from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $170.00 to $142.00 in a report on Wednesday, January 4th. Credit Suisse Group increased their price objective on shares of Target from $160.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, March 1st. StockNews.com initiated coverage on shares of Target in a research note on Thursday. They issued a “hold” rating for the company. Finally, Roth Capital reissued a “neutral” rating on shares of Target in a research note on Wednesday, March 1st. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.69.

Insider Transactions at Target

In related news, insider Brian C. Cornell sold 35,000 shares of the company’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $158.98, for a total value of $5,564,300.00. Following the completion of the sale, the insider now owns 191,272 shares in the company, valued at approximately $30,408,422.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

Target Company Profile

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Target Corp. engages in the operation and ownership of general merchandise stores. It offers food assortments including perishables, dry grocery, dairy, and frozen items. The company was founded by George Draper Dayton in 1902 and is headquartered in Minneapolis, MN.