Insight 2811 Inc. Purchases 148 Shares of Target Co. (NYSE:TGT)

Insight 2811 Inc. boosted its holdings in Target Co. (NYSE:TGT) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,273 shares of the retailer’s stock after buying an additional 148 shares during the quarter. Insight 2811 Inc.’s holdings in Target were worth $442,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cynosure Group LLC increased its position in Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after purchasing an additional 65 shares during the period. Hancock Whitney Corp increased its position in shares of Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares during the period. Kathmere Capital Management LLC increased its position in shares of Target by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after buying an additional 73 shares during the period. Summit Financial Wealth Advisors LLC lifted its holdings in Target by 2.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock valued at $483,000 after buying an additional 76 shares during the period. Finally, Horrell Capital Management Inc. lifted its holdings in Target by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock valued at $3,603,000 after buying an additional 76 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TGT has been the subject of a number of research reports. Evercore ISI reduced their price target on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a report on Wednesday, March 5th. Stifel Nicolaus reduced their target price on Target from $130.00 to $120.00 and set a “hold” rating for the company in a research note on Thursday, March 20th. The Goldman Sachs Group dropped their price target on Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Telsey Advisory Group reduced their price objective on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Finally, Guggenheim upped their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Target has a consensus rating of “Hold” and a consensus target price of $145.55.

Target Price Performance

Shares of Target stock opened at $108.43 on Tuesday. The business’s 50-day moving average price is $125.28 and its 200-day moving average price is $137.62. The firm has a market capitalization of $49.40 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a 12 month low of $101.76 and a 12 month high of $181.86. 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 (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS 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. Sell-side analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Wednesday, May 14th. 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.