Opinicus Capital Inc. Purchases 1,081 Shares of Target Co. (NYSE:TGT)

Opinicus Capital Inc. increased its holdings in Target Co. (NYSE:TGT) by 14.3% during the 4th quarter, Holdings Channel reports. The firm owned 8,634 shares of the retailer’s stock after buying an additional 1,081 shares during the period. Target makes up approximately 1.0% of Opinicus Capital Inc.’s investment portfolio, making the stock its 29th biggest position. Opinicus Capital Inc.’s holdings in Target were worth $1,167,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TGT. State Street Corp grew its position in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after acquiring an additional 1,981,458 shares in the last quarter. Two Sigma Advisers LP increased its position in Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after purchasing an additional 1,502,200 shares during the period. FMR LLC lifted its position in shares of Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its stake in shares of Target by 773.1% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after purchasing an additional 737,384 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Down 2.5 %

Target stock opened at $131.29 on Friday. Target Co. has a one year low of $120.21 and a one year high of $181.86. The stock has a fifty day moving average of $135.24 and a 200 day moving average of $143.98. 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 stock has a market cap of $60.16 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15.

Target (NYSE:TGT) last released its quarterly 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 business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $2.10 EPS. As a group, sell-side analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

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 paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Analysts Set New Price Targets

Several brokerages have commented on TGT. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. JPMorgan Chase & Co. lowered their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Evercore ISI decreased their price objective on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. Roth Mkm lowered their price objective on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, TD Cowen decreased their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Target presently has an average rating of “Hold” and a consensus price target of $157.70.

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.