Brookstone Capital Management Grows Stock Position in Target Co. (NYSE:TGT)

Brookstone Capital Management boosted its stake in shares of Target Co. (NYSE:TGTFree Report) by 27.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,802 shares of the retailer’s stock after buying an additional 2,999 shares during the period. Brookstone Capital Management’s holdings in Target were worth $2,446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TGT. Larson Financial Group LLC grew its position in Target by 1.3% in the 4th quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock valued at $760,000 after acquiring an additional 70 shares during the last quarter. Godshalk Welsh Capital Management Inc. grew its position in Target by 0.9% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock valued at $1,158,000 after acquiring an additional 70 shares during the last quarter. Welch & Forbes LLC grew its position in Target by 0.9% in the 4th quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock valued at $1,099,000 after acquiring an additional 71 shares during the last quarter. Beacon Financial Advisory LLC grew its position in Target by 1.0% in the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after acquiring an additional 72 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in Target by 1.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,704 shares of the retailer’s stock valued at $812,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Gordon Haskett upped their price objective on Target from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. BNP Paribas initiated coverage on Target in a research report on Monday, June 3rd. They set an “underperform” rating and a $116.00 price target on the stock. DA Davidson increased their price target on Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price target on shares of Target in a research report on Wednesday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Target from $209.00 to $190.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Target has a consensus rating of “Moderate Buy” and an average target price of $177.61.

Get Our Latest Stock Report on TGT

Target Trading Down 0.3 %

Shares of NYSE:TGT opened at $146.74 on Friday. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The stock has a market cap of $67.89 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.38 and a beta of 1.20. 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 business has a 50-day moving average price of $153.77 and a 200-day moving average price of $153.06.

Target (NYSE:TGTGet Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (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 firm had revenue of $24.14 billion during the quarter, compared to analysts’ expectations of $24.52 billion. During the same quarter in the previous year, the business earned $2.05 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts predict that Target Co. will post 9.32 EPS for the current year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.05%. This is a positive change from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio (DPR) is 49.38%.

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.

Further Reading

Institutional Ownership by Quarter for Target (NYSE:TGT)

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