Truvestments Capital LLC Increases Stake in Target Co. (NYSE:TGT)

Truvestments Capital LLC raised its holdings in shares of Target Co. (NYSE:TGT) by 27.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 499 shares of the retailer’s stock after acquiring an additional 107 shares during the quarter. Truvestments Capital LLC’s holdings in Target were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TGT. Cynosure Group LLC raised 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 valued at $248,000 after purchasing an additional 65 shares during the period. Hancock Whitney Corp raised its holdings in Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after acquiring an additional 68 shares during the period. Kathmere Capital Management LLC lifted its position in shares of Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after acquiring an additional 73 shares in the last quarter. Cahill Financial Advisors Inc. lifted its position in shares of Target by 1.0% in the third quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer’s stock valued at $1,197,000 after acquiring an additional 76 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC boosted its stake in shares of Target by 2.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock worth $483,000 after acquiring an additional 76 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TGT. StockNews.com cut Target from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets lowered their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Roth Mkm restated a “neutral” rating and set a $122.00 target price (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Guggenheim increased their price objective on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $145.87.

Target Stock Performance

TGT stock opened at $104.37 on Friday. Target Co. has a twelve month low of $104.01 and a twelve month high of $181.86. The firm has a market cap of $47.82 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.94 and a beta of 1.18. The business’s fifty day simple moving average is $129.97 and its two-hundred day simple moving average is $140.26. 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 posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Analysts predict that Target Co. will post 8.69 earnings per share 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 $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.29%. Target’s payout ratio is 50.56%.

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.