Heck Capital Advisors LLC Invests $40,000 in Target Co. (NYSE:TGT)

Heck Capital Advisors LLC purchased a new position in Target Co. (NYSE:TGT) during the fourth quarter, HoldingsChannel reports. The firm purchased 294 shares of the retailer’s stock, valued at approximately $40,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. Thrivent Financial for Lutherans boosted its holdings in shares of Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares during the period. Northeast Financial Group Inc. purchased a new stake in shares of Target in the 4th quarter worth $1,566,000. D.A. Davidson & CO. grew its position in shares of Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after buying an additional 9,510 shares in the last quarter. Prana Capital Management LP increased its stake in shares of Target by 47.5% during the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after buying an additional 69,885 shares during the period. Finally, Polianta Ltd raised its holdings in shares of Target by 39.2% in the fourth quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock valued at $1,392,000 after acquiring an additional 2,900 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Down 1.9 %

NYSE:TGT opened at $137.82 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company’s fifty day moving average price is $134.80 and its 200-day moving average price is $144.41. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The firm has a market capitalization of $63.15 billion, a P/E ratio of 14.61, a PEG ratio of 2.28 and a beta of 1.16.

Target (NYSE:TGT) last announced its quarterly 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). The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $2.10 earnings per share. As a group, equities research analysts anticipate that Target Co. will post 8.69 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 issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is presently 47.51%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TGT shares. Wells Fargo & Company dropped their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. BMO Capital Markets lowered their target price on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 target price on shares of Target in a research report on Friday, January 17th. Finally, HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Target has an average rating of “Hold” and a consensus price target of $157.70.

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.