Apollon Wealth Management LLC Has $1.64 Million Stake in Target Co. (NYSE:TGT)

Apollon Wealth Management LLC increased its holdings in shares of Target Co. (NYSE:TGT) by 29.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,106 shares of the retailer’s stock after buying an additional 2,787 shares during the quarter. Apollon Wealth Management LLC’s holdings in Target were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Cynosure Group LLC increased its holdings in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after purchasing an additional 65 shares during the period. Financial Advocates Investment Management increased its stake in Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after buying an additional 67 shares during the period. Hancock Whitney Corp lifted its position in Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of Target by 0.4% during the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after buying an additional 69 shares during the period. Finally, Eagle Bluffs Wealth Management LLC grew its holdings in shares of Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Down 0.0 %

Shares of TGT opened at $131.34 on Tuesday. The stock has a 50 day simple moving average of $135.22 and a 200-day simple moving average of $143.78. 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 stock has a market cap of $60.18 billion, a PE ratio of 13.93, a PEG ratio of 2.04 and a beta of 1.15. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings data 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the prior year, the company earned $2.10 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. On average, sell-side analysts predict that Target Co. will post 8.69 EPS 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 dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.41%. Target’s dividend payout ratio is 47.51%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and dropped their price target for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. BMO Capital Markets reduced their price target on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Roth Mkm decreased their target price on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, TD Cowen dropped their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued 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.