Financial Sense Advisors Inc. Buys 1,068 Shares of Target Co. (NYSE:TGT)

Financial Sense Advisors Inc. lifted its stake in shares of Target Co. (NYSE:TGT) by 9.9% in the first quarter, HoldingsChannel reports. The fund owned 11,879 shares of the retailer’s stock after acquiring an additional 1,068 shares during the period. Financial Sense Advisors Inc.’s holdings in Target were worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Abundance Wealth Counselors grew its stake in shares of Target by 5.7% during the 1st quarter. Abundance Wealth Counselors now owns 6,085 shares of the retailer’s stock valued at $1,078,000 after acquiring an additional 327 shares during the period. Norden Group LLC grew its stake in shares of Target by 1,433.1% during the 1st quarter. Norden Group LLC now owns 29,159 shares of the retailer’s stock valued at $5,167,000 after acquiring an additional 27,257 shares during the period. Lake Street Private Wealth LLC lifted its holdings in Target by 4.4% in the 1st quarter. Lake Street Private Wealth LLC now owns 9,392 shares of the retailer’s stock worth $1,664,000 after purchasing an additional 399 shares in the last quarter. JTC Employer Solutions Trustee Ltd lifted its holdings in Target by 12.3% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 3,550 shares of the retailer’s stock worth $620,000 after purchasing an additional 389 shares in the last quarter. Finally, Albion Financial Group UT lifted its holdings in Target by 2.1% in the 1st quarter. Albion Financial Group UT now owns 42,954 shares of the retailer’s stock worth $7,612,000 after purchasing an additional 870 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

TGT opened at $144.75 on Thursday. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97. The business’s fifty day simple moving average is $152.12 and its 200-day simple moving average is $153.41. The company has a market capitalization of $66.97 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.37 and a beta of 1.19.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (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 the consensus estimate of $24.52 billion. During the same period in the previous year, the company posted $2.05 EPS. Target’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Target Co. will post 9.32 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be paid a dividend of $1.12 per share. This is a boost from Target’s previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio is 49.38%.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price target on Target from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 1st. BNP Paribas initiated coverage on Target in a report on Monday, June 3rd. They issued an “underperform” rating and a $116.00 price target on the stock. Evercore ISI boosted their price target on Target from $165.00 to $166.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Wells Fargo & Company boosted their price target on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, Gordon Haskett upped their price objective on Target from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Target currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.61.

Target Profile

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.