Target Co. (NYSE:TGT) Shares Acquired by Valicenti Advisory Services Inc.

Valicenti Advisory Services Inc. boosted its holdings in Target Co. (NYSE:TGT) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,525 shares of the retailer’s stock after buying an additional 200 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in Target were worth $341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strategic Blueprint LLC grew its holdings in shares of Target by 74.6% in the 4th quarter. Strategic Blueprint LLC now owns 2,716 shares of the retailer’s stock worth $367,000 after acquiring an additional 1,160 shares during the last quarter. Gateway Wealth Partners LLC increased its stake in Target by 16.4% in the 4th quarter. Gateway Wealth Partners LLC now owns 1,781 shares of the retailer’s stock worth $241,000 after purchasing an additional 251 shares in the last quarter. SteelPeak Wealth LLC raised its holdings in Target by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 3,317 shares of the retailer’s stock worth $448,000 after buying an additional 103 shares during the period. Jeppson Wealth Management LLC lifted its stake in Target by 38.5% during the fourth quarter. Jeppson Wealth Management LLC now owns 2,037 shares of the retailer’s stock valued at $275,000 after buying an additional 566 shares in the last quarter. Finally, Curbstone Financial Management Corp boosted its holdings in shares of Target by 1.2% in the fourth quarter. Curbstone Financial Management Corp now owns 11,272 shares of the retailer’s stock worth $1,524,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports 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. JPMorgan Chase & Co. reduced their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Stifel Nicolaus lifted their price target on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price objective on shares of Target in a research note on Friday, January 17th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and an average price target of $157.70.

Target Stock Performance

NYSE:TGT opened at $141.37 on Wednesday. The firm has a market capitalization of $64.78 billion, a PE ratio of 15.00, a PEG ratio of 2.21 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm’s fifty day simple moving average is $133.80 and its 200 day simple moving average is $144.64.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 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 during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the firm posted $2.10 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts anticipate that Target Co. will post 8.68 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued 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 dividend yield of 3.17%. Target’s dividend payout ratio (DPR) is presently 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.