Centurion Wealth Management LLC Increases Stake in Target Co. (NYSE:TGT)

Centurion Wealth Management LLC raised its position in Target Co. (NYSE:TGT) by 28.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,448 shares of the retailer’s stock after purchasing an additional 543 shares during the period. Centurion Wealth Management LLC’s holdings in Target were worth $331,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. one8zero8 LLC purchased a new position in Target in the 4th quarter valued at $253,000. Choate Investment Advisors increased its stake in shares of Target by 52.9% in the 4th quarter. Choate Investment Advisors now owns 5,240 shares of the retailer’s stock worth $708,000 after acquiring an additional 1,814 shares during the last quarter. Harrington Investments INC increased its stake in shares of Target by 2.4% in the 4th quarter. Harrington Investments INC now owns 7,364 shares of the retailer’s stock worth $995,000 after acquiring an additional 170 shares during the last quarter. Ironwood Investment Management LLC acquired a new stake in shares of Target in the 4th quarter worth $404,000. Finally, Valtinson Bruner Financial Planning LLC increased its stake in shares of Target by 5.1% in the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,931 shares of the retailer’s stock worth $531,000 after acquiring an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. KGI Securities set a $132.00 target price on Target in a research note on Wednesday, March 5th. Evercore ISI cut their target price on Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research note on Wednesday, March 5th. Roth Capital set a $122.00 target price on Target in a research note on Wednesday, March 5th. Telsey Advisory Group cut their price objective on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group cut their price objective on Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $145.87.

Target Price Performance

TGT stock opened at $104.71 on Friday. The business has a 50 day moving average price of $129.35 and a 200 day moving average price of $139.75. The stock has a market cap of $47.70 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a fifty-two week low of $103.46 and a fifty-two week high of $181.86. 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 posted 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. The firm had revenue of $30.92 billion during the quarter, compared to analysts’ expectations 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 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 given 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 50.56%.

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.