2,030 Shares in Target Co. (NYSE:TGT) Purchased by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC bought a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,030 shares of the retailer’s stock, valued at approximately $274,000.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its position in shares of Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after acquiring an additional 2,732,801 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Target during the 4th quarter valued at about $297,122,000. Two Sigma Advisers LP grew its position in Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after purchasing an additional 1,502,200 shares during the last quarter. FMR LLC increased its stake in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its holdings in shares of Target by 773.1% during the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after buying an additional 737,384 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

TGT has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Guggenheim upped their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. StockNews.com lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Roth Capital set a $122.00 price target on shares of Target in a research report on Wednesday, March 5th. Finally, TD Cowen decreased their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $145.87.

Target Stock Up 0.2 %

Target stock opened at $104.71 on Monday. The firm’s 50 day moving average price is $129.35 and its two-hundred day moving average price is $139.63. The firm has a market cap of $47.70 billion, a PE ratio of 11.10, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a twelve month low of $103.46 and a twelve month high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. On average, research analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

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.