Target Co. (NYSE:TGT) Shares Acquired by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. raised its stake in shares of Target Co. (NYSE:TGT) by 37.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,166 shares of the retailer’s stock after purchasing an additional 590 shares during the period. SOA Wealth Advisors LLC.’s holdings in Target were worth $293,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in shares of Target in the 3rd quarter worth $28,000. Wolff Wiese Magana LLC increased its stake in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in Target during the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Down 2.5 %

Shares of NYSE:TGT opened at $131.29 on Friday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company’s fifty day moving average is $135.24 and its two-hundred day moving average is $143.98. 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 market capitalization of $60.16 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15.

Target (NYSE:TGT) last issued 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). The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $2.10 EPS. Equities analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

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 paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.41%. Target’s payout ratio is currently 47.51%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TGT shares. JPMorgan Chase & Co. reduced their price target 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. Bank of America decreased their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Guggenheim raised their price objective on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Citigroup upped their target price on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, Wells Fargo & Company dropped their target price on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. 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 company. Based on data from MarketBeat.com, Target has an average rating of “Hold” and a consensus target price of $157.70.

Target Company 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.