Target Co. (NYSE:TGT) Shares Purchased by Archford Capital Strategies LLC

Archford Capital Strategies LLC grew its stake in shares of Target Co. (NYSE:TGT) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,078 shares of the retailer’s stock after purchasing an additional 162 shares during the quarter. Archford Capital Strategies LLC’s holdings in Target were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of TGT. Precedent Wealth Partners LLC lifted its stake in Target by 264.0% in the fourth quarter. Precedent Wealth Partners LLC now owns 8,004 shares of the retailer’s stock valued at $1,082,000 after buying an additional 5,805 shares during the last quarter. Olstein Capital Management L.P. increased its holdings in shares of Target by 48.0% in the 4th quarter. Olstein Capital Management L.P. now owns 74,000 shares of the retailer’s stock valued at $10,003,000 after acquiring an additional 24,000 shares during the period. Patton Albertson Miller Group LLC raised its position in Target by 0.9% in the 4th quarter. Patton Albertson Miller Group LLC now owns 46,559 shares of the retailer’s stock valued at $6,294,000 after purchasing an additional 404 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its stake in Target by 2.4% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 10,994 shares of the retailer’s stock worth $1,526,000 after purchasing an additional 258 shares during the period. Finally, Flagship Harbor Advisors LLC grew its position in Target by 50.8% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,547 shares of the retailer’s stock worth $344,000 after purchasing an additional 858 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of several recent research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Target in a research note on Friday, January 17th. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research report on Wednesday, November 20th. Roth Mkm cut their price target on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and issued a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and cut their price objective for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Target presently has an average rating of “Hold” and a consensus target price of $158.57.

Target Trading Up 0.5 %

Shares of TGT opened at $137.99 on Monday. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock has a fifty day moving average of $134.37 and a two-hundred day moving average of $144.80. 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 company has a market capitalization of $63.23 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter last year, the company posted $2.10 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. As a group, analysts forecast that Target Co. will post 8.68 EPS for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

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.