Martel Wealth Advisors Inc Makes New $406,000 Investment in Target Co. (NYSE:TGT)

Martel Wealth Advisors Inc acquired a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,000 shares of the retailer’s stock, valued at approximately $406,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TGT. CMH Wealth Management LLC raised its position in shares of Target by 2.0% in the 4th quarter. CMH Wealth Management LLC now owns 46,701 shares of the retailer’s stock worth $6,313,000 after buying an additional 916 shares during the period. Koshinski Asset Management Inc. increased its stake in Target by 16.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 7,487 shares of the retailer’s stock worth $1,012,000 after acquiring an additional 1,083 shares during the last quarter. Gemmer Asset Management LLC purchased a new position in shares of Target in the 4th quarter worth about $267,000. Corundum Group Inc. lifted its stake in shares of Target by 3.7% in the 4th quarter. Corundum Group Inc. now owns 6,800 shares of the retailer’s stock valued at $919,000 after purchasing an additional 241 shares in the last quarter. Finally, Uncommon Cents Investing LLC lifted its stake in shares of Target by 18.4% in the 4th quarter. Uncommon Cents Investing LLC now owns 24,440 shares of the retailer’s stock valued at $3,304,000 after purchasing an additional 3,792 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TGT. TD Cowen cut their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Wells Fargo & Company cut their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Roth Mkm cut their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Finally, Bank of America decreased their target price on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Target has a consensus rating of “Hold” and an average price target of $158.23.

Target Stock Up 0.3 %

TGT stock opened at $133.62 on Tuesday. The firm has a market cap of $61.22 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The firm has a fifty day moving average price of $136.13 and a two-hundred day moving average price of $145.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

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

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.35%. Target’s dividend payout ratio is currently 47.51%.

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.