BML Capital Management LLC Makes New Investment in Target Corporation $TGT

BML Capital Management LLC bought a new position in Target Corporation (NYSE:TGT) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,000 shares of the retailer’s stock, valued at approximately $897,000. Target comprises 0.7% of BML Capital Management LLC’s holdings, making the stock its 15th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. WFA of San Diego LLC purchased a new position in Target in the second quarter worth $25,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Target in the 3rd quarter worth about $27,000. Tripletail Wealth Management LLC purchased a new position in shares of Target in the 3rd quarter worth about $31,000. Key Financial Inc grew its position in Target by 77.4% during the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after buying an additional 151 shares during the period. Finally, VSM Wealth Advisory LLC increased its holdings in Target by 1,113.8% during the second quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock worth $35,000 after buying an additional 323 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TGT. Royal Bank Of Canada dropped their target price on shares of Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. Citigroup increased their price objective on Target from $89.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Robert W. Baird lowered their target price on Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Finally, Evercore set a $105.00 price target on Target in a research report on Tuesday, February 17th. Ten analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $104.45.

Target Price Performance

Target stock opened at $116.62 on Monday. The firm has a market capitalization of $52.81 billion, a P/E ratio of 14.15, a PEG ratio of 11.93 and a beta of 1.14. Target Corporation has a one year low of $83.44 and a one year high of $127.89. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. The business has a fifty day moving average price of $106.09 and a 200-day moving average price of $97.39.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be paid a $1.14 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $4.56 annualized dividend and a yield of 3.9%. Target’s dividend payout ratio (DPR) is currently 55.34%.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.