Trilogy Capital Inc. Raises Stock Holdings in Target Co. (NYSE:TGT)

Trilogy Capital Inc. boosted its stake in shares of Target Co. (NYSE:TGT) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,955 shares of the retailer’s stock after buying an additional 1,734 shares during the quarter. Trilogy Capital Inc.’s holdings in Target were worth $2,833,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cynosure Group LLC boosted its position in shares of Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the period. Financial Advocates Investment Management lifted its stake in Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after purchasing an additional 67 shares in the last quarter. Hancock Whitney Corp boosted its position in shares of Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares during the period. Trust Co. of Vermont grew its stake in shares of Target by 0.4% in the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after buying an additional 69 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC grew its stake in shares of Target by 1.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after buying an additional 73 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Down 0.2 %

NYSE:TGT opened at $135.27 on Thursday. The company has a market capitalization of $61.98 billion, a PE ratio of 14.34, a P/E/G ratio of 2.24 and a beta of 1.15. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The stock’s 50 day moving average price is $135.05 and its 200 day moving average price is $144.11. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter last year, the business posted $2.10 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, research analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.31%. Target’s payout ratio is 47.51%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TGT shares. Deutsche Bank Aktiengesellschaft cut 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 report on Wednesday, November 20th. Citigroup lifted their price objective on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Wells Fargo & Company reduced their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, TD Cowen reduced their price objective on Target from $165.00 to $145.00 and set a “hold” 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 issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $157.70.

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.