Target Co. (NYSE:TGT) Shares Purchased by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC boosted its holdings in Target Co. (NYSE:TGT) by 38.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,037 shares of the retailer’s stock after acquiring an additional 566 shares during the period. Jeppson Wealth Management LLC’s holdings in Target were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Creative Planning boosted its position in Target by 4.2% during the 2nd quarter. Creative Planning now owns 198,240 shares of the retailer’s stock valued at $29,347,000 after purchasing an additional 7,978 shares during the period. Silver Lake Advisory LLC bought a new stake in Target in the second quarter valued at $249,000. Kimelman & Baird LLC acquired a new position in shares of Target during the second quarter valued at $52,000. EP Wealth Advisors LLC grew its position in shares of Target by 54.3% during the second quarter. EP Wealth Advisors LLC now owns 14,052 shares of the retailer’s stock worth $2,080,000 after acquiring an additional 4,944 shares during the last quarter. Finally, Chase Investment Counsel Corp increased its holdings in shares of Target by 9.1% in the 2nd quarter. Chase Investment Counsel Corp now owns 3,598 shares of the retailer’s stock worth $532,000 after acquiring an additional 300 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

TGT stock opened at $142.44 on Tuesday. The firm has a 50-day moving average of $134.37 and a two-hundred day moving average of $144.79. Target Co. has a one year low of $120.21 and a one year 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. The firm has a market capitalization of $65.27 billion, a PE ratio of 15.11, a P/E/G ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share 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 for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period last year, the firm earned $2.10 EPS. The company’s revenue was up .9% compared to the same quarter last year. On average, analysts forecast that Target Co. will post 8.68 earnings per share for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 dividend yield of 3.15%. Target’s dividend payout ratio is 47.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TGT shares. Citigroup boosted their target price on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Roth Mkm decreased their price target on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $157.70.

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.