Target Co. (NYSE:TGT) Shares Bought by Janney Capital Management LLC

Janney Capital Management LLC raised its holdings in Target Co. (NYSE:TGT) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,324 shares of the retailer’s stock after purchasing an additional 17,373 shares during the quarter. Janney Capital Management LLC’s holdings in Target were worth $14,103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new stake in shares of Target in the third quarter worth about $28,000. Wolff Wiese Magana LLC lifted its holdings in Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares during the period. MCF Advisors LLC boosted its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Target during the 3rd quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Target during the 3rd quarter worth approximately $38,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Down 0.9 %

Shares of Target stock opened at $136.12 on Wednesday. The stock has a 50 day moving average of $135.37 and a 200 day moving average of $145.01. 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 $62.37 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 2.17 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 released 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the prior year, the company posted $2.10 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, research analysts predict that Target Co. will post 8.68 earnings per share for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Analysts Set New Price Targets

A number of analysts recently issued reports on TGT shares. Sanford C. Bernstein began coverage on shares of Target in a report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $150.00 target price on shares of Target in a research note on Friday, January 17th. Citigroup lifted their price target on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. Finally, Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $158.23.

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.