1,269 Shares in Target Co. (NYSE:TGT) Purchased by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC acquired a new stake in shares of Target Co. (NYSE:TGT) in the 1st quarter, HoldingsChannel reports. The firm acquired 1,269 shares of the retailer’s stock, valued at approximately $225,000.

A number of other hedge funds also recently added to or reduced their stakes in TGT. RFG Advisory LLC purchased a new position in Target in the 4th quarter valued at $605,000. Nordea Investment Management AB boosted its holdings in shares of Target by 4.9% in the fourth quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock valued at $73,819,000 after acquiring an additional 24,066 shares in the last quarter. Asio Capital LLC increased its stake in shares of Target by 109.9% during the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock worth $3,883,000 after acquiring an additional 14,274 shares during the period. Blue Chip Partners LLC raised its holdings in Target by 5.1% during the fourth quarter. Blue Chip Partners LLC now owns 130,179 shares of the retailer’s stock worth $18,540,000 after purchasing an additional 6,348 shares in the last quarter. Finally, United Services Automobile Association lifted its position in Target by 134.6% in the fourth quarter. United Services Automobile Association now owns 103,785 shares of the retailer’s stock valued at $14,781,000 after purchasing an additional 59,553 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TGT shares. Morgan Stanley dropped their target price on Target from $190.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. DA Davidson raised their target price on Target from $167.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Jefferies Financial Group boosted their target price on shares of Target from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Tigress Financial increased their price target on shares of Target from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, Barclays boosted their price objective on shares of Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $177.61.

Target Trading Down 0.2 %

Shares of TGT traded down $0.35 during mid-day trading on Tuesday, hitting $145.39. The company had a trading volume of 3,234,873 shares, compared to its average volume of 3,933,216. Target Co. has a 1-year low of $102.93 and a 1-year 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 business’s 50-day simple moving average is $152.54 and its 200-day simple moving average is $153.36. The stock has a market cap of $67.26 billion, a PE ratio of 16.30, a P/E/G ratio of 1.39 and a beta of 1.19.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $24.52 billion. During the same quarter in the previous year, the company earned $2.05 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Sell-side analysts forecast that Target Co. will post 9.32 earnings per share for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be paid a $1.12 dividend. This is a positive change from Target’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, August 21st. Target’s payout ratio is currently 49.38%.

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.