Winebrenner Capital Management LLC Takes Position in Target Co. (NYSE:TGT)

Winebrenner Capital Management LLC purchased a new stake in shares of Target Co. (NYSE:TGT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,284 shares of the retailer’s stock, valued at approximately $1,390,000. Target makes up approximately 1.1% of Winebrenner Capital Management LLC’s portfolio, making the stock its 25th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of TGT. International Assets Investment Management LLC boosted its position in shares of Target by 9,940.6% during the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after buying an additional 1,981,458 shares during the last quarter. Dakota Wealth Management boosted its position in shares of Target by 12.1% during the third quarter. Dakota Wealth Management now owns 40,790 shares of the retailer’s stock valued at $6,358,000 after buying an additional 4,397 shares during the last quarter. Tectonic Advisors LLC boosted its position in shares of Target by 1.4% during the third quarter. Tectonic Advisors LLC now owns 6,064 shares of the retailer’s stock valued at $945,000 after buying an additional 85 shares during the last quarter. West Michigan Advisors LLC boosted its position in shares of Target by 15.5% during the third quarter. West Michigan Advisors LLC now owns 3,233 shares of the retailer’s stock valued at $504,000 after buying an additional 434 shares during the last quarter. Finally, Cross Staff Investments Inc boosted its position in shares of Target by 1.7% during the third quarter. Cross Staff Investments Inc now owns 4,676 shares of the retailer’s stock valued at $729,000 after buying an additional 76 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Down 2.9 %

Shares of TGT opened at $124.40 on Friday. The business’s 50 day moving average is $134.41 and its 200 day moving average is $142.67. The company has a market capitalization of $57.00 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15. Target Co. has a 12-month low of $120.21 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 issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (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 the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $2.10 EPS. Research analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TGT shares. Wells Fargo & Company dropped their price objective on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 target price on shares of Target in a research report on Friday, January 17th. Bank of America dropped their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, Citigroup raised their target price on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. 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. Based on data from MarketBeat, Target has a consensus rating of “Hold” and an average price target of $157.70.

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.