West Tower Group LLC Purchases New Holdings in Target Co. (NYSE:TGT)

West Tower Group LLC purchased a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,400 shares of the retailer’s stock, valued at approximately $460,000. Target comprises 1.0% of West Tower Group LLC’s portfolio, making the stock its 24th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cynosure Group LLC boosted its position in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares in the last quarter. Hancock Whitney Corp lifted its position in Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after acquiring an additional 68 shares in the last quarter. Kathmere Capital Management LLC lifted its position in Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after acquiring an additional 73 shares in the last quarter. Cahill Financial Advisors Inc. lifted its position in Target by 1.0% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer’s stock valued at $1,197,000 after acquiring an additional 76 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC lifted its position in Target by 2.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock valued at $483,000 after acquiring an additional 76 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. TD Cowen lowered their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. The Goldman Sachs Group lowered their price objective on Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. KGI Securities set a $132.00 price target on Target in a report on Wednesday, March 5th. Finally, Stifel Nicolaus lowered their price target on Target from $145.00 to $130.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. One 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, Target currently has an average rating of “Hold” and an average price target of $145.87.

Target Trading Down 1.1 %

Shares of TGT stock opened at $104.55 on Wednesday. Target Co. has a 52-week low of $103.46 and a 52-week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market capitalization of $47.63 billion, a PE ratio of 11.09, a PEG ratio of 1.94 and a beta of 1.18. The stock has a fifty day simple moving average of $127.98 and a two-hundred day simple moving average of $138.95.

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

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.29%. Target’s payout ratio is 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.