Tiller Private Wealth Inc. Makes New $202,000 Investment in Target Co. (NYSE:TGT)

Tiller Private Wealth Inc. acquired a new stake in Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,495 shares of the retailer’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also modified their holdings of TGT. Nicholas Company Inc. lifted its position in Target by 20.5% during the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock valued at $7,544,000 after buying an additional 9,485 shares in the last quarter. River Road Asset Management LLC raised its stake in shares of Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock valued at $31,699,000 after acquiring an additional 138,751 shares during the period. Mountain Hill Investment Partners Corp. acquired a new position in shares of Target during the 4th quarter valued at $6,459,000. Sierra Summit Advisors LLC boosted its position in Target by 29.0% during the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer’s stock worth $1,940,000 after purchasing an additional 3,231 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its position in Target by 25.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after purchasing an additional 3,590 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on TGT shares. Roth Capital set a $122.00 price objective on Target in a research note on Wednesday, March 5th. Roth Mkm reissued a “neutral” rating and set a $122.00 price target (down from $131.00) on shares of Target in a research report on Wednesday, March 5th. The Goldman Sachs Group lowered their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Jefferies Financial Group reduced their target price on shares of Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, KGI Securities set a $132.00 price target on shares of Target in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $134.57.

Target Price Performance

Shares of NYSE:TGT opened at $92.77 on Friday. 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 firm’s 50 day moving average is $113.01 and its two-hundred day moving average is $131.86. The firm has a market capitalization of $42.26 billion, a P/E ratio of 9.84, a PEG ratio of 1.94 and a beta of 1.28. Target Co. has a 52 week low of $87.35 and a 52 week high of $171.06.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.83%. Target’s dividend payout ratio is presently 50.56%.

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.