KRS Capital Management LLC Has $379,000 Stock Holdings in Target Co. (NYSE:TGT)

KRS Capital Management LLC lessened its holdings in Target Co. (NYSE:TGT) by 17.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,139 shares of the retailer’s stock after selling 452 shares during the period. KRS Capital Management LLC’s holdings in Target were worth $379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TGT. Larson Financial Group LLC increased its stake in Target by 1.3% in the fourth quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock valued at $760,000 after acquiring an additional 70 shares during the last quarter. Godshalk Welsh Capital Management Inc. boosted its position in Target by 0.9% in the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock valued at $1,158,000 after buying an additional 70 shares in the last quarter. Welch & Forbes LLC boosted its position in Target by 0.9% in the fourth quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock valued at $1,099,000 after buying an additional 71 shares in the last quarter. Beacon Financial Advisory LLC boosted its position in Target by 1.0% in the fourth quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after buying an additional 72 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its position in Target by 4.1% in the first quarter. Pinnacle Bancorp Inc. now owns 1,851 shares of the retailer’s stock valued at $328,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 0.9 %

Shares of NYSE:TGT traded up $1.32 during midday trading on Friday, hitting $148.04. 12,772,526 shares of the company’s stock were exchanged, compared to its average volume of 3,818,235. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.27. The stock has a 50 day moving average price of $152.97 and a 200-day moving average price of $153.10. The company has a market cap of $68.49 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.02). The business had revenue of $24.14 billion for the quarter, compared to the consensus estimate of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.05 earnings per share. On average, sell-side analysts anticipate that Target Co. will post 9.32 EPS for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.03%. This is an increase from Target’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 21st. Target’s dividend payout ratio is presently 49.38%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TGT shares. Wells Fargo & Company raised their target price on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Roth Mkm reiterated a “neutral” rating and set a $153.00 price target on shares of Target in a report on Thursday, May 23rd. Jefferies Financial Group lifted their price target on shares of Target from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Royal Bank of Canada cut their price target on shares of Target from $191.00 to $181.00 and set an “outperform” rating on the stock in a report on Thursday, May 23rd. Finally, Morgan Stanley cut their price target on shares of Target from $190.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.61.

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.