Target Co. (NYSE:TGT) Shares Bought by CMG Global Holdings LLC

CMG Global Holdings LLC raised its holdings in Target Co. (NYSE:TGT) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,137 shares of the retailer’s stock after purchasing an additional 175 shares during the period. CMG Global Holdings LLC’s holdings in Target were worth $833,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TGT. Cynosure Group LLC grew its stake in Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after acquiring an additional 65 shares during the period. Financial Advocates Investment Management lifted its holdings in Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after purchasing an additional 67 shares in the last quarter. Hancock Whitney Corp grew its position in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after purchasing an additional 68 shares during the period. Trust Co. of Vermont increased its stake in shares of Target by 0.4% during the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after purchasing an additional 69 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC raised its position in shares of Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after purchasing an additional 73 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Bank of America cut their price objective on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. TD Cowen lowered their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 target price on shares of Target in a research report on Friday, January 17th. Sanford C. Bernstein upped their price objective on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Stock Performance

Shares of Target stock opened at $140.37 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a market capitalization of $64.32 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16. The business has a 50-day moving average of $134.17 and a 200 day moving average of $144.61. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the prior year, the business earned $2.10 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. As a group, sell-side analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.19%. Target’s dividend payout ratio (DPR) is 47.51%.

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.