CMG Global Holdings LLC Grows Stake in Target Co. (NYSE:TGT)

CMG Global Holdings LLC lifted its stake in shares of Target Co. (NYSE:TGT) by 2.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,137 shares of the retailer’s stock after acquiring an additional 175 shares during the quarter. CMG Global Holdings LLC’s holdings in Target were worth $833,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mediolanum International Funds Ltd grew its stake in Target by 142.3% during the 4th quarter. Mediolanum International Funds Ltd now owns 11,524 shares of the retailer’s stock worth $1,552,000 after buying an additional 6,767 shares during the last quarter. SOL Capital Management CO boosted its holdings in shares of Target by 27.6% in the fourth quarter. SOL Capital Management CO now owns 3,880 shares of the retailer’s stock valued at $524,000 after acquiring an additional 840 shares during the period. Northeast Financial Group Inc. purchased a new position in shares of Target during the fourth quarter worth approximately $1,566,000. Crews Bank & Trust purchased a new position in shares of Target during the fourth quarter worth approximately $586,000. Finally, Capital Investment Advisory Services LLC increased its holdings in shares of Target by 1.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,512 shares of the retailer’s stock valued at $1,151,000 after acquiring an additional 118 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $140.37 on Friday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The firm has a 50 day simple moving average of $134.17 and a 200-day simple moving average of $144.61. The firm has a market cap of $64.32 billion, a PE ratio of 14.89, a P/E/G ratio of 2.28 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

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

Target Announces Dividend

The firm 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 $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Analyst Ratings Changes

TGT has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Evercore ISI reduced their price objective on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. Bank of America lowered their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Finally, Sanford C. Bernstein boosted their target price on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday. One equities research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.