Strategic Blueprint LLC Has $367,000 Stock Position in Target Co. (NYSE:TGT)

Strategic Blueprint LLC increased its stake in shares of Target Co. (NYSE:TGT) by 74.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,716 shares of the retailer’s stock after purchasing an additional 1,160 shares during the period. Strategic Blueprint LLC’s holdings in Target were worth $367,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Gateway Wealth Partners LLC grew its position in shares of Target by 16.4% during the 4th quarter. Gateway Wealth Partners LLC now owns 1,781 shares of the retailer’s stock worth $241,000 after buying an additional 251 shares during the period. SteelPeak Wealth LLC boosted its stake in Target by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 3,317 shares of the retailer’s stock worth $448,000 after acquiring an additional 103 shares during the last quarter. Jeppson Wealth Management LLC grew its holdings in Target by 38.5% during the fourth quarter. Jeppson Wealth Management LLC now owns 2,037 shares of the retailer’s stock valued at $275,000 after purchasing an additional 566 shares during the period. Curbstone Financial Management Corp increased its stake in Target by 1.2% in the fourth quarter. Curbstone Financial Management Corp now owns 11,272 shares of the retailer’s stock valued at $1,524,000 after purchasing an additional 138 shares in the last quarter. Finally, Griffin Asset Management Inc. raised its holdings in Target by 1.2% in the fourth quarter. Griffin Asset Management Inc. now owns 63,254 shares of the retailer’s stock worth $8,551,000 after purchasing an additional 757 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on TGT. Roth Mkm lowered their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. BMO Capital Markets dropped their price target on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. JPMorgan Chase & Co. lowered their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and cut their price target for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. 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. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average price target of $157.70.

Target Stock Performance

TGT opened at $137.82 on Friday. 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 stock has a market cap of $63.15 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.28 and a beta of 1.16. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The business has a 50 day moving average of $134.54 and a 200-day moving average of $144.58.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $2.10 earnings per share. On average, equities research analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.25%. Target’s dividend payout ratio (DPR) is presently 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.