Target Co. (NYSE:TGT) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its position in Target Co. (NYSE:TGT) by 29.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,106 shares of the retailer’s stock after purchasing an additional 2,787 shares during the period. Apollon Wealth Management LLC’s holdings in Target were worth $1,637,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Target by 366.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,907 shares of the retailer’s stock worth $609,000 after buying an additional 3,069 shares during the period. Ritholtz Wealth Management lifted its holdings in Target by 20.0% in the 3rd quarter. Ritholtz Wealth Management now owns 4,040 shares of the retailer’s stock worth $630,000 after buying an additional 672 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in Target in the 3rd quarter valued at about $998,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in Target by 628.4% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 30,638 shares of the retailer’s stock valued at $4,775,000 after buying an additional 26,432 shares during the last quarter. Finally, Polianta Ltd acquired a new stake in shares of Target during the third quarter valued at about $1,153,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 0.0 %

Shares of TGT stock opened at $131.34 on Tuesday. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $60.18 billion, a P/E ratio of 13.93, a P/E/G ratio of 2.04 and a beta of 1.15. The stock has a 50-day simple moving average of $135.22 and a 200 day simple moving average of $143.78.

Target (NYSE:TGT) last released its 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). The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $2.10 earnings per share. On average, sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TGT. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price target on shares of Target in a research note on Friday, January 17th. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Bank of America reduced their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and issued a $165.00 price target on shares of Target in a report on Monday, November 25th. Finally, Sanford C. Bernstein increased their target price on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $157.70.

About Target

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.