Sheets Smith Wealth Management Has $248,000 Stock Holdings in Target Co. (NYSE:TGT)

Sheets Smith Wealth Management raised its stake in Target Co. (NYSE:TGT) by 15.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,838 shares of the retailer’s stock after buying an additional 250 shares during the period. Sheets Smith Wealth Management’s holdings in Target were worth $248,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC increased its stake in Target by 175.3% during 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 in the last quarter. Bourgeon Capital Management LLC bought a new stake in Target in the fourth quarter worth about $204,000. Fort Washington Investment Advisors Inc. OH grew its holdings in Target by 20.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 322,885 shares of the retailer’s stock valued at $43,648,000 after purchasing an additional 54,533 shares during the period. Capricorn Fund Managers Ltd bought a new position in shares of Target during the 4th quarter worth $3,767,000. Finally, Lmcg Investments LLC increased its stake in shares of Target by 26.4% in the fourth quarter. Lmcg Investments LLC now owns 5,305 shares of the retailer’s stock worth $717,000 after purchasing an additional 1,108 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TGT has been the subject of a number of analyst reports. 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 target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and reduced their price objective for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $158.57.

Target Stock Performance

NYSE TGT opened at $135.74 on Thursday. 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 Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The business has a 50-day moving average price of $135.37 and a 200-day moving average price of $145.01. The firm has a market cap of $62.20 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 2.17 and a beta of 1.16.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion for 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 firm’s revenue was up .9% compared to the same quarter last year. As a group, equities research analysts predict that Target Co. will post 8.68 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

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.