Redhawk Wealth Advisors Inc. Raises Stock Position in Target Co. (NYSE:TGT)

Redhawk Wealth Advisors Inc. lifted its holdings in shares of Target Co. (NYSE:TGT) by 6.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,903 shares of the retailer’s stock after buying an additional 110 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Target were worth $257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its position in shares of Target by 8.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 48,982 shares of the retailer’s stock worth $7,241,000 after acquiring an additional 3,694 shares during the period. Waterloo Capital L.P. grew its stake in Target by 22.5% during the 2nd quarter. Waterloo Capital L.P. now owns 7,551 shares of the retailer’s stock worth $1,118,000 after purchasing an additional 1,388 shares in the last quarter. Elo Mutual Pension Insurance Co increased its holdings in Target by 2.4% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 43,199 shares of the retailer’s stock worth $6,395,000 after purchasing an additional 1,016 shares during the period. Miramar Capital LLC raised its position in Target by 0.4% in the 2nd quarter. Miramar Capital LLC now owns 80,194 shares of the retailer’s stock valued at $11,872,000 after purchasing an additional 285 shares in the last quarter. Finally, Somerset Group LLC boosted its stake in shares of Target by 63.0% in the 2nd quarter. Somerset Group LLC now owns 2,396 shares of the retailer’s stock valued at $355,000 after buying an additional 926 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the topic of several analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Target in a report on Monday, November 25th. BMO Capital Markets decreased their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Stifel Nicolaus increased their target price on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Roth Mkm decreased their price target on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, TD Cowen dropped their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $160.57.

Target Stock Down 1.1 %

TGT stock opened at $133.06 on Friday. The stock has a market capitalization of $60.97 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. The company has a fifty day moving average of $136.81 and a 200-day moving average of $145.31. 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 Co. has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.10 EPS. As a group, analysts expect that Target Co. will post 8.6 EPS for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

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.