NEOS Investment Management LLC Acquires 6,219 Shares of Target Co. (NYSE:TGT)

NEOS Investment Management LLC raised its stake in shares of Target Co. (NYSE:TGT) by 30.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 26,410 shares of the retailer’s stock after purchasing an additional 6,219 shares during the period. NEOS Investment Management LLC’s holdings in Target were worth $3,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in Target in the third quarter worth about $28,000. Hopwood Financial Services Inc. bought a new position in shares of Target in the fourth quarter worth $29,000. MCF Advisors LLC grew its holdings in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the period. Finally, FSA Wealth Management LLC bought a new position in shares of Target in the third quarter worth $36,000. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group dropped their price target on Target from $170.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. The Goldman Sachs Group dropped their target price on shares of Target from $166.00 to $142.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Roth Capital set a $122.00 price target on shares of Target in a report on Wednesday, March 5th. Telsey Advisory Group lowered their price objective on shares of Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Finally, Evercore ISI reduced their target price on Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $143.40.

Target Stock Down 2.7 %

TGT stock opened at $103.63 on Friday. The company has a market capitalization of $47.21 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. 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 business’s 50 day moving average price is $122.96 and its two-hundred day moving average price is $136.54. Target Co. has a fifty-two week low of $101.76 and a fifty-two week high of $181.86.

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

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.32%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is currently 50.56%.

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.