Hurley Capital LLC Takes Position in Target Co. (NYSE:TGT)

Hurley Capital LLC bought a new position in shares of Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 424 shares of the retailer’s stock, valued at approximately $58,000.

Several other institutional investors also recently bought and sold shares of the stock. Nicholas Company Inc. boosted its position in Target by 20.5% during the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock worth $7,544,000 after purchasing an additional 9,485 shares in the last quarter. River Road Asset Management LLC lifted its position in shares of Target by 144.9% during the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock valued at $31,699,000 after buying an additional 138,751 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in Target in the 4th quarter valued at $6,459,000. Wilmington Savings Fund Society FSB increased its holdings in Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after acquiring an additional 3,590 shares in the last quarter. Finally, Stevens Capital Management LP raised its position in Target by 185.4% during the fourth quarter. Stevens Capital Management LP now owns 14,628 shares of the retailer’s stock worth $1,977,000 after acquiring an additional 9,502 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of TGT stock opened at $95.70 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market cap of $43.60 billion, a P/E ratio of 10.15, a P/E/G ratio of 1.94 and a beta of 1.28. The firm’s 50 day moving average price is $119.41 and its 200-day moving average price is $134.73. Target Co. has a one year low of $90.62 and a one year high of $173.05.

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

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.68%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is currently 50.56%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Roth Mkm reiterated a “neutral” rating and issued a $122.00 target price (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. Guggenheim increased their target price on Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group lowered their price target on Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Oppenheimer reduced their price objective on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, DA Davidson lowered their target price on shares of Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and an average target price of $140.24.

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.