Target Co. (NYSE:TGT) Shares Acquired by Lakeshore Financial Planning Inc.

Lakeshore Financial Planning Inc. boosted its holdings in Target Co. (NYSE:TGT) by 21.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,673 shares of the retailer’s stock after acquiring an additional 301 shares during the quarter. Lakeshore Financial Planning Inc.’s holdings in Target were worth $226,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Financial Network Wealth Management LLC increased its position in shares of Target by 5.4% during the 4th quarter. Financial Network Wealth Management LLC now owns 2,106 shares of the retailer’s stock valued at $284,000 after purchasing an additional 108 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Target by 6.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 12,205 shares of the retailer’s stock valued at $1,650,000 after purchasing an additional 744 shares during the period. HUB Investment Partners LLC increased its position in shares of Target by 27.0% during the 4th quarter. HUB Investment Partners LLC now owns 1,988 shares of the retailer’s stock valued at $269,000 after purchasing an additional 423 shares during the period. Symmetry Partners LLC acquired a new position in shares of Target during the 4th quarter valued at $204,000. Finally, TAP Consulting LLC increased its position in shares of Target by 4.4% during the 4th quarter. TAP Consulting LLC now owns 16,099 shares of the retailer’s stock valued at $2,176,000 after purchasing an additional 681 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Shares of NYSE TGT opened at $104.19 on Friday. The firm has a market cap of $47.47 billion, a PE ratio of 11.05, a PEG ratio of 1.94 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 1-year low of $103.46 and a 1-year high of $181.86. The company has a fifty day moving average price of $126.64 and a 200 day moving average price of $138.47.

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

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.30%. Target’s payout ratio is 50.56%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America reduced their price objective on Target from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Citigroup reduced their price objective on Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. BMO Capital Markets reduced their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Guggenheim lifted their price objective on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $145.55.

Target 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.