2,000 Shares in Target Co. (NYSE:TGT) Acquired by Michael A. Dubis Financial Planning LLC

Michael A. Dubis Financial Planning LLC bought a new stake in shares of Target Co. (NYSE:TGT) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,000 shares of the retailer’s stock, valued at approximately $270,000.

Several other institutional investors have also added to or reduced their stakes in TGT. Norges Bank bought a new stake in Target during the fourth quarter valued at about $757,892,000. State Street Corp grew its stake in shares of Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after acquiring an additional 2,732,801 shares during the period. Raymond James Financial Inc. purchased a new stake in Target in the 4th quarter worth approximately $297,122,000. Two Sigma Advisers LP raised its stake in Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Target by 773.1% during the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after purchasing an additional 737,384 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Down 2.7 %

Shares of NYSE:TGT opened at $103.63 on Friday. The firm has a market capitalization of $47.21 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The business has a 50 day simple moving average of $122.96 and a two-hundred day simple moving average of $136.54. Target Co. has a 1 year low of $101.76 and a 1 year high of $181.86. 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 posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. On average, equities analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.32%. Target’s payout ratio is 50.56%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TGT. Evercore ISI reduced their price objective on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research note on Wednesday, March 5th. Oppenheimer decreased their price target on Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company cut their target price on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Roth Capital set a $122.00 price target on Target in a report on Wednesday, March 5th. Finally, Bank of America dropped their price target on Target from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $143.40.

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.