Winch Advisory Services LLC Purchases 82 Shares of Target Co. (NYSE:TGT)

Winch Advisory Services LLC boosted its position in shares of Target Co. (NYSE:TGT) by 34.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 320 shares of the retailer’s stock after purchasing an additional 82 shares during the quarter. Winch Advisory Services LLC’s holdings in Target were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC acquired a new position in Target in the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter valued at $36,000. Catalyst Capital Advisors LLC bought a new position in shares of Target in the 3rd quarter worth $38,000. Finally, First Financial Corp IN grew its stake in shares of Target by 330.8% during the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock worth $38,000 after purchasing an additional 215 shares during the period. 79.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on TGT shares. Citigroup lowered Target from a “buy” rating to a “neutral” rating and cut their target price for the company from $188.00 to $130.00 in a research note on Wednesday, November 20th. TD Cowen reduced their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Target in a research note on Monday, November 25th. Guggenheim reduced their price target on shares of Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.57.

Target Stock Down 1.4 %

TGT opened at $134.58 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a fifty day moving average of $137.06 and a 200-day moving average of $145.39. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a market capitalization of $61.67 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.32 and a beta of 1.16.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts expect that Target Co. will post 8.6 EPS for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.33%. Target’s payout ratio is 47.51%.

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.