Tectonic Advisors LLC Raises Position in Target Co. (NYSE:TGT)

Tectonic Advisors LLC increased its stake in shares of Target Co. (NYSE:TGT) by 11.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,754 shares of the retailer’s stock after acquiring an additional 690 shares during the period. Tectonic Advisors LLC’s holdings in Target were worth $913,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGT. Legacy Investment Solutions LLC purchased a new stake in Target during the 3rd quarter worth $28,000. Wolff Wiese Magana LLC increased its position in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in Target during the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Down 0.2 %

TGT stock opened at $135.27 on Thursday. The firm has a market cap of $61.98 billion, a PE ratio of 14.34, a P/E/G ratio of 2.24 and a beta of 1.15. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The firm has a 50 day simple moving average of $135.05 and a 200 day simple moving average of $144.11. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the prior year, the business posted $2.10 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.31%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent analyst reports. Roth Mkm cut their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Citigroup increased their price target on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price target on shares of Target in a report on Friday, January 17th. Finally, BMO Capital Markets reduced their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Target currently has an average rating of “Hold” and an average 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.