1,508 Shares in Target Co. (NYSE:TGT) Purchased by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC bought a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,508 shares of the retailer’s stock, valued at approximately $204,000.

Several other institutional investors also recently made changes to their positions in the stock. Fort Washington Investment Advisors Inc. OH increased its position in Target by 20.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 322,885 shares of the retailer’s stock valued at $43,648,000 after acquiring an additional 54,533 shares during the period. Capricorn Fund Managers Ltd acquired a new position in shares of Target during the fourth quarter valued at $3,767,000. Lmcg Investments LLC raised its stake in shares of Target by 26.4% during the fourth quarter. Lmcg Investments LLC now owns 5,305 shares of the retailer’s stock valued at $717,000 after purchasing an additional 1,108 shares in the last quarter. Aspiriant LLC lifted its holdings in Target by 10.4% in the fourth quarter. Aspiriant LLC now owns 1,618 shares of the retailer’s stock worth $219,000 after purchasing an additional 152 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in Target by 0.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 74,477 shares of the retailer’s stock valued at $10,067,000 after buying an additional 664 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Price Performance

NYSE TGT opened at $137.28 on Wednesday. The company has a 50 day moving average price of $135.74 and a two-hundred day moving average price of $145.07. 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 $62.90 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.19 and a beta of 1.16. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) 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 business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the prior year, the company posted $2.10 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts predict that Target Co. will post 8.62 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced 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 is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.26%. Target’s dividend payout ratio (DPR) is currently 47.51%.

Analyst Ratings Changes

TGT has been the topic of a number of recent analyst reports. BMO Capital Markets dropped 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. Stifel Nicolaus upped their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company dropped their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $158.23.

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.