Trust Investment Advisors Acquires 141 Shares of Target Co. (NYSE:TGT)

Trust Investment Advisors increased its holdings in Target Co. (NYSE:TGT) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,175 shares of the retailer’s stock after buying an additional 141 shares during the period. Trust Investment Advisors’ holdings in Target were worth $835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of TGT. Legacy Investment Solutions LLC bought a new position in shares of Target in the 3rd quarter worth $28,000. Hopwood Financial Services Inc. purchased a new position in Target in the fourth quarter valued at about $29,000. MCF Advisors LLC grew its stake in Target by 175.3% in the fourth 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 holdings in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of Target during the third quarter valued at about $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Down 2.8 %

Shares of TGT opened at $105.37 on Wednesday. The stock has a fifty day simple moving average of $124.66 and a two-hundred day simple moving average of $137.30. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $48.00 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a 52-week low of $101.76 and a 52-week high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, equities analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.25%. Target’s payout ratio is currently 50.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TGT shares. Roth Capital set a $122.00 target price on shares of Target in a research report on Wednesday, March 5th. Bank of America lowered their price objective on Target from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Roth Mkm reissued a “neutral” rating and issued a $122.00 price target (down previously from $131.00) on shares of Target in a report on Wednesday, March 5th. Finally, Citigroup cut their price objective on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $145.55.

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.