Perennial Investment Advisors LLC Has $382,000 Stock Holdings in Target Co. (NYSE:TGT)

Perennial Investment Advisors LLC boosted its position in shares of Target Co. (NYSE:TGT) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,824 shares of the retailer’s stock after purchasing an additional 317 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Target were worth $382,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of Target in the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. bought a new position in Target during the fourth quarter worth about $29,000. MCF Advisors LLC grew its stake in 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 during the period. Raleigh Capital Management Inc. increased its holdings in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Target during the fourth quarter worth about $36,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 1.5 %

TGT stock opened at $95.70 on Friday. The stock has a market cap of $43.60 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The company has a fifty day moving average price of $119.41 and a two-hundred day moving average price of $134.73. Target Co. has a one year low of $90.62 and a one year high of $173.05. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

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

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.68%. Target’s payout ratio is currently 50.56%.

Analyst Upgrades and Downgrades

TGT has been the subject of several research analyst reports. Oppenheimer decreased their price objective on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research report on Wednesday. Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Wells Fargo & Company lowered their target price on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Target in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.24.

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.