PUREfi Wealth LLC Purchases New Shares in Target Co. (NYSE:TGT)

PUREfi Wealth LLC purchased a new stake in Target Co. (NYSE:TGT) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,250 shares of the retailer’s stock, valued at approximately $304,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC raised its position in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the last quarter. MCF Advisors LLC raised its position 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 purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its position in Target by 110.7% in the 4th 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 purchased a new stake in Target in the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Target stock opened at $127.86 on Friday. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The stock has a market capitalization of $58.58 billion, a P/E ratio of 13.56, a P/E/G ratio of 2.04 and a beta of 1.15. The firm’s 50-day moving average is $135.20 and its two-hundred day moving average is $143.34. 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 announced its quarterly earnings data 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 analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.10 earnings per share. Equities analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.50%. Target’s payout ratio is 47.51%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TGT shares. Telsey Advisory Group restated an “outperform” rating and set a $150.00 price objective on shares of Target in a research report on Friday, January 17th. TD Cowen cut their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Guggenheim upped their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein upped their price objective on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. Finally, Citigroup upped their price objective 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. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $157.70.

Target 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.