Townsquare Capital LLC Purchases 182 Shares of Target Co. (NYSE:TGT)

Townsquare Capital LLC boosted its position in shares of Target Co. (NYSE:TGT) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,364 shares of the retailer’s stock after acquiring an additional 182 shares during the quarter. Townsquare Capital LLC’s holdings in Target were worth $1,131,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC lifted its stake in Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after purchasing an additional 73 shares during the last quarter. Horrell Capital Management Inc. lifted its position in shares of Target by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock valued at $3,603,000 after buying an additional 76 shares during the last quarter. First PREMIER Bank boosted its stake in shares of Target by 21.9% during the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock worth $61,000 after acquiring an additional 80 shares during the period. Winch Advisory Services LLC increased its holdings in shares of Target by 34.5% during the 4th quarter. Winch Advisory Services LLC now owns 320 shares of the retailer’s stock worth $43,000 after acquiring an additional 82 shares during the last quarter. Finally, CENTRAL TRUST Co raised its stake in Target by 0.4% in the 4th quarter. CENTRAL TRUST Co now owns 18,593 shares of the retailer’s stock valued at $2,513,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TGT. Oppenheimer reduced their price objective on shares of Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Baird R W cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. KGI Securities set a $132.00 price objective on Target in a report on Wednesday, March 5th. Jefferies Financial Group lowered their target price on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, DA Davidson reduced their price target on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $132.37.

Target Trading Up 2.9 %

Shares of TGT stock opened at $93.13 on Friday. The stock has a 50-day moving average of $109.77 and a 200-day moving average of $130.28. 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 cap of $42.43 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.94 and a beta of 1.28. Target Co. has a 1-year low of $87.35 and a 1-year high of $169.09.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. On average, equities research analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.81%. Target’s dividend payout ratio is currently 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.