Powers Advisory Group LLC Increases Position in Target Co. (NYSE:TGT)

Powers Advisory Group LLC increased its stake in shares of Target Co. (NYSE:TGT) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,102 shares of the retailer’s stock after buying an additional 307 shares during the quarter. Target comprises about 0.6% of Powers Advisory Group LLC’s holdings, making the stock its 28th largest position. Powers Advisory Group LLC’s holdings in Target were worth $1,230,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the third quarter worth approximately $28,000. Wolff Wiese Magana LLC increased its stake in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares during the period. FSA Wealth Management LLC purchased a new position in Target during the 3rd quarter worth $36,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Target in the 3rd quarter worth $38,000. Finally, MCF Advisors LLC boosted its holdings in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of several analyst reports. Evercore ISI cut their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. Citigroup increased their target price on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research note on Wednesday, November 20th. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $157.70.

Target Stock Up 0.2 %

TGT opened at $140.37 on Friday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The business has a 50-day moving average of $134.17 and a two-hundred day moving average of $144.61. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a market capitalization of $64.32 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company posted $2.10 EPS. On average, research analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Wednesday, February 12th. Target’s 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.