First PREMIER Bank Buys 80 Shares of Target Co. (NYSE:TGT)

First PREMIER Bank increased its stake in shares of Target Co. (NYSE:TGT) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 445 shares of the retailer’s stock after acquiring an additional 80 shares during the period. First PREMIER Bank’s holdings in Target were worth $61,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TGT. Legacy Investment Solutions LLC bought a new stake in shares of Target in the third quarter valued at about $28,000. Wolff Wiese Magana LLC grew its position in Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares in the last quarter. MCF Advisors LLC increased its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the last quarter. FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Target during the 3rd quarter worth about $38,000. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup lifted their target price on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 target price on shares of Target in a research note on Friday, January 17th. Wells Fargo & Company cut their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein initiated coverage on shares of Target in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price objective for the company. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $158.57.

Target Stock Down 1.2 %

Shares of NYSE:TGT opened at $135.74 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. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The company has a market capitalization of $62.20 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 2.23 and a beta of 1.16. The company has a fifty day moving average of $134.98 and a 200-day moving average of $144.94.

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

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.30%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Target Company 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.