Target Co. (NYSE:TGT) Shares Acquired by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lifted its stake in shares of Target Co. (NYSE:TGT) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,903 shares of the retailer’s stock after buying an additional 110 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Target were worth $257,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in Target in the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC increased its stake in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Target during the third quarter worth $36,000. Catalyst Capital Advisors LLC acquired a new position in Target during the third quarter valued at $38,000. Finally, First Financial Corp IN grew its position in Target by 330.8% during the 4th quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock worth $38,000 after purchasing an additional 215 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Down 1.1 %

Shares of Target stock opened at $133.06 on Friday. The stock has a 50 day moving average of $136.81 and a 200 day moving average of $145.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market capitalization of $60.97 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 2.32 and a beta of 1.16. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last issued 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). The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 earnings per share. As a group, research analysts predict that Target Co. will post 8.6 earnings per share for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.37%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a report on Monday, November 25th. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. BMO Capital Markets cut their price objective 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. TD Cowen decreased their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Finally, HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $160.57.

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.