Koshinski Asset Management Inc. Raises Stake in Target Co. (NYSE:TGT)

Koshinski Asset Management Inc. raised its stake in shares of Target Co. (NYSE:TGT) by 16.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,487 shares of the retailer’s stock after buying an additional 1,083 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Target were worth $1,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new position in Target during the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC grew its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Target in the third quarter worth $36,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Target in the third quarter worth $38,000. Finally, First Financial Corp IN boosted its stake in Target by 330.8% during the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock valued at $38,000 after buying an additional 215 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Trading Up 2.7 %

NYSE TGT opened at $137.28 on Wednesday. The stock’s 50 day moving average is $135.74 and its 200 day moving average is $145.07. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $62.90 billion, a PE ratio of 14.56, a P/E/G ratio of 2.19 and a beta of 1.16. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the prior year, the company earned $2.10 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts forecast that Target Co. will post 8.62 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.26%. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TGT shares. TD Cowen lowered their price target on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price target on shares of Target in a report on Friday, January 17th. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a report on Wednesday, November 20th. Finally, Guggenheim reduced their target price on Target from $180.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $158.23.

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.