Valtinson Bruner Financial Planning LLC Boosts Holdings in Target Co. (NYSE:TGT)

Valtinson Bruner Financial Planning LLC raised its stake in shares of Target Co. (NYSE:TGT) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,931 shares of the retailer’s stock after purchasing an additional 192 shares during the period. Valtinson Bruner Financial Planning LLC’s holdings in Target were worth $531,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Buckley Wealth Management LLC lifted its holdings in Target by 3.4% during the fourth quarter. Buckley Wealth Management LLC now owns 7,595 shares of the retailer’s stock valued at $1,027,000 after purchasing an additional 250 shares in the last quarter. Carret Asset Management LLC lifted its stake in shares of Target by 0.4% in the fourth quarter. Carret Asset Management LLC now owns 54,316 shares of the retailer’s stock worth $7,342,000 after buying an additional 209 shares in the last quarter. Renasant Bank purchased a new position in shares of Target in the fourth quarter worth about $232,000. Aviso Financial Inc. purchased a new position in shares of Target in the fourth quarter worth about $883,000. Finally, LBP AM SA lifted its stake in shares of Target by 86.9% in the fourth quarter. LBP AM SA now owns 31,708 shares of the retailer’s stock worth $4,286,000 after buying an additional 14,746 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Price Performance

Shares of TGT opened at $104.71 on Friday. Target Co. has a fifty-two week low of $103.46 and a fifty-two week high of $181.86. The firm’s 50 day moving average price is $129.35 and its 200 day moving average price is $139.88. The company has a market cap of $47.98 billion, a P/E ratio of 11.10, 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 (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. On average, research analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

Wall Street Analysts Forecast Growth

TGT has been the topic of several research reports. UBS Group decreased their price target on shares of Target from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. KGI Securities set a $132.00 price target on shares of Target in a research note on Wednesday, March 5th. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company cut their price objective on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $145.87.

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.