Target Co. (NYSE:TGT) Shares Bought by Quent Capital LLC

Quent Capital LLC increased its holdings in Target Co. (NYSE:TGT) by 10.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,312 shares of the retailer’s stock after acquiring an additional 304 shares during the quarter. Quent Capital LLC’s holdings in Target were worth $490,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Washington Trust Advisors Inc. boosted its stake in Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Williams Jones Wealth Management LLC. boosted its position in shares of Target by 0.6% in the first quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock worth $1,909,000 after buying an additional 68 shares during the period. Larson Financial Group LLC raised its holdings in shares of Target by 1.3% during the fourth quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock worth $760,000 after acquiring an additional 70 shares in the last quarter. Godshalk Welsh Capital Management Inc. raised its holdings in shares of Target by 0.9% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock worth $1,158,000 after acquiring an additional 70 shares in the last quarter. Finally, Haverford Trust Co raised its holdings in shares of Target by 0.3% during the first quarter. Haverford Trust Co now owns 27,472 shares of the retailer’s stock worth $4,868,000 after acquiring an additional 70 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TGT. Roth Mkm reaffirmed a “neutral” rating and issued a $153.00 price target on shares of Target in a research report on Thursday, May 23rd. StockNews.com downgraded Target from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Target from $209.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. BMO Capital Markets dropped their target price on shares of Target from $170.00 to $155.00 and set a “market perform” rating for the company in a research report on Thursday, May 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price target on shares of Target in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.54.

Target Price Performance

TGT stock traded down $0.06 during midday trading on Tuesday, reaching $133.81. The company had a trading volume of 5,005,480 shares, compared to its average volume of 3,889,438. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.27. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The company has a market capitalization of $61.91 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.38 and a beta of 1.19. The firm has a 50-day moving average price of $147.47 and a 200-day moving average price of $154.65.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a net margin of 3.87% and a return on equity of 31.91%. The business had revenue of $24.14 billion during the quarter, compared to analysts’ expectations of $24.52 billion. During the same period last year, the company posted $2.05 EPS. Target’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, research analysts anticipate that Target Co. will post 9.31 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.35%. This is a boost from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio (DPR) is currently 50.28%.

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.