Waterloo Capital L.P. Makes New $312,000 Investment in Target Co. (NYSE:TGT)

Waterloo Capital L.P. purchased a new position in Target Co. (NYSE:TGTFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,191 shares of the retailer’s stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGT. Vanguard Group Inc. raised its stake in Target by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 44,527,706 shares of the retailer’s stock valued at $4,923,428,000 after buying an additional 702,565 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Target by 9.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,163,864 shares of the retailer’s stock worth $1,447,538,000 after acquiring an additional 868,274 shares during the period. Franklin Resources Inc. increased its position in Target by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 9,531,846 shares of the retailer’s stock valued at $1,357,525,000 after acquiring an additional 137,180 shares during the last quarter. FMR LLC lifted its holdings in Target by 26.5% in the third quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock valued at $747,699,000 after acquiring an additional 1,415,900 shares during the period. Finally, Norges Bank purchased a new position in Target in the fourth quarter worth about $759,810,000. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

Shares of NYSE:TGT opened at $146.00 on Monday. The firm has a fifty day simple moving average of $160.30 and a two-hundred day simple moving average of $152.06. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $67.55 billion, a P/E ratio of 16.39, a PEG ratio of 1.37 and a beta of 1.20.

Target (NYSE:TGTGet Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.02). Target had a return on equity of 31.91% and a net margin of 3.87%. The company had revenue of $24.14 billion during the quarter, compared to analysts’ expectations of $24.52 billion. During the same quarter in the prior year, the business posted $2.05 EPS. The company’s revenue was down 3.2% on a year-over-year basis. On average, analysts expect that Target Co. will post 9.32 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $1.10 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 3.01%. Target’s dividend payout ratio is presently 49.38%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Roth Mkm reiterated a “neutral” rating and issued a $153.00 price objective on shares of Target in a research note on Thursday, May 23rd. BMO Capital Markets decreased their price target on shares of Target from $170.00 to $155.00 and set a “market perform” rating on the stock in a research report on Thursday, May 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Target from $125.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada decreased their target price on Target from $191.00 to $181.00 and set an “outperform” rating on the stock in a report on Thursday, May 23rd. Finally, Evercore ISI boosted their price target on Target from $178.00 to $180.00 in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and an average target price of $178.11.

Check Out Our Latest Report on TGT

Insiders Place Their Bets

In other news, insider Christina Hennington sold 4,600 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the transaction, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christina Hennington sold 4,600 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the sale, the insider now owns 38,487 shares in the company, valued at approximately $6,576,658.56. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Target Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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