Target Co. (NYSE:TGT) Shares Purchased by Evoke Wealth LLC

Evoke Wealth LLC boosted its stake in Target Co. (NYSE:TGT) by 69.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,592 shares of the retailer’s stock after purchasing an additional 1,876 shares during the period. Evoke Wealth LLC’s holdings in Target were worth $621,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TGT. State Street Corp grew its stake 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 valued at $5,530,576,000 after acquiring an additional 2,732,801 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Target during the fourth quarter valued at about $297,122,000. Two Sigma Advisers LP grew its stake in shares of Target by 173.2% during the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after acquiring an additional 1,502,200 shares in the last quarter. FMR LLC grew its stake in shares of Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its stake 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 acquiring an additional 737,384 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

TGT opened at $104.55 on Wednesday. Target Co. has a twelve month low of $103.46 and a twelve month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market cap of $47.63 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The business’s 50 day moving average is $127.98 and its 200-day moving average is $138.95.

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

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.29%. Target’s dividend payout ratio is presently 50.56%.

Wall Street Analyst Weigh In

TGT has been the subject of several recent analyst reports. StockNews.com downgraded Target from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. JPMorgan Chase & Co. lowered their target price on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and lowered their target price for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. UBS Group reduced their price target on shares of Target from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Target in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and an average target price of $145.87.

Target 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.