Telos Capital Management Inc. Has $415,000 Stock Holdings in Target Co. (NYSE:TGT)

Telos Capital Management Inc. lifted its holdings in Target Co. (NYSE:TGT) by 18.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,070 shares of the retailer’s stock after purchasing an additional 484 shares during the quarter. Telos Capital Management Inc.’s holdings in Target were worth $415,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and reduced their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Bank of America reduced their price target on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Finally, Citigroup upped their price target on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.70.

Target Price Performance

Shares of NYSE:TGT opened at $134.59 on Friday. The firm has a 50 day moving average of $135.16 and a 200-day moving average of $144.04. Target Co. has a 12 month low of $120.21 and a 12 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 capitalization of $61.67 billion, a PE ratio of 14.27, a PEG ratio of 2.24 and a beta of 1.15.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion for 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%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.10 earnings per share. On average, equities research analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

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.