DGS Capital Management LLC Invests $214,000 in Target Co. (NYSE:TGT)

DGS Capital Management LLC bought a new position in Target Co. (NYSE:TGT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,500 shares of the retailer’s stock, valued at approximately $214,000.

Other hedge funds also recently made changes to their positions in the company. Tower View Wealth Management LLC increased its holdings in shares of Target by 82.8% in the 3rd quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after purchasing an additional 106 shares in the last quarter. First Capital Advisors Group LLC. purchased a new position in shares of Target in the 2nd quarter valued at about $31,000. Penserra Capital Management LLC purchased a new position in shares of Target in the 4th quarter valued at about $35,000. Impact Partnership Wealth LLC increased its holdings in shares of Target by 106.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 405 shares of the retailer’s stock valued at $45,000 after purchasing an additional 209 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in shares of Target in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Transactions at Target

In other news, insider Christina Hennington sold 4,600 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the transaction, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the completion of the transaction, the insider now owns 346,919 shares of the company’s stock, valued at $58,115,870.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TGT has been the subject of several recent research reports. DA Davidson raised their target price on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Guggenheim raised their target price on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Gordon Haskett boosted their price objective on shares of Target from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Tigress Financial upped their price objective on shares of Target from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Finally, Evercore ISI dropped their price target on Target from $183.00 to $180.00 and set an “in-line” rating on the stock in a research report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.85.

Target Trading Up 0.7 %

NYSE:TGT opened at $164.47 on Thursday. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The stock has a market cap of $75.93 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.53 and a beta of 1.14. The business has a fifty day moving average of $162.87 and a 200-day moving average of $140.34. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The company had revenue of $31.47 billion during the quarter, compared to analysts’ expectations of $31.83 billion. During the same quarter in the prior year, the business posted $1.89 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts predict that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.68%. Target’s payout ratio is 49.27%.

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.