Personal CFO Solutions LLC Buys 7,285 Shares of Target Co. (NYSE:TGT)

Personal CFO Solutions LLC boosted its stake in Target Co. (NYSE:TGT) by 327.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,507 shares of the retailer’s stock after acquiring an additional 7,285 shares during the period. Personal CFO Solutions LLC’s holdings in Target were worth $1,285,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Target during the 4th quarter valued at $297,122,000. Two Sigma Advisers LP boosted its holdings in shares of Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after buying an additional 1,502,200 shares in the last quarter. FMR LLC boosted its holdings in shares of Target by 11.7% during the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of Target by 773.1% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after buying an additional 737,384 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TGT. Telsey Advisory Group dropped their target price on shares of Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Wednesday. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. Wells Fargo & Company lowered their price target on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Guggenheim lifted their price target on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Target has an average rating of “Hold” and a consensus price target of $147.00.

Target Price Performance

NYSE TGT opened at $115.11 on Friday. The company has a 50-day moving average price of $132.05 and a 200-day moving average price of $141.49. The firm has a market capitalization of $52.74 billion, a P/E ratio of 12.21, a PEG ratio of 1.94 and a beta of 1.18. 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 52 week low of $112.10 and a 52 week high of $181.86.

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

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were paid a dividend of $1.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.89%. Target’s dividend payout ratio (DPR) is presently 50.56%.

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.