Burleson & Company LLC Invests $47,000 in Target Co. (NYSE:TGT)

Burleson & Company LLC acquired a new stake in shares of Target Co. (NYSE:TGT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 236 shares of the retailer’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Paradigm Strategies in Wealth Management LLC purchased a new position in shares of Target during the first quarter worth approximately $28,000. Semmax Financial Advisors Inc. grew its stake in shares of Target by 7,200.0% during the first quarter. Semmax Financial Advisors Inc. now owns 146 shares of the retailer’s stock valued at $29,000 after buying an additional 144 shares during the last quarter. Tortoise Investment Management LLC purchased a new position in shares of Target in the fourth quarter worth about $27,000. IronBridge Private Wealth LLC bought a new stake in shares of Target in the 4th quarter valued at about $28,000. Finally, Bay Harbor Wealth Management LLC boosted its holdings in Target by 2,312.5% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 193 shares of the retailer’s stock valued at $34,000 after acquiring an additional 185 shares during the period. 78.24% of the stock is owned by institutional investors and hedge funds.

Shares of TGT opened at $231.66 on Friday. Target Co. has a twelve month low of $114.81 and a twelve month high of $236.80. The company has a market capitalization of $114.61 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.50 and a beta of 1.01. The firm’s 50 day moving average price is $214.25. The company has a quick ratio of 0.51, a current ratio of 1.07 and a debt-to-equity ratio of 0.77.

Target (NYSE:TGT) last posted its earnings results on Tuesday, May 18th. The retailer reported $3.69 EPS for the quarter, topping the Zacks’ consensus estimate of $2.25 by $1.44. Target had a return on equity of 45.70% and a net margin of 6.30%. The business had revenue of $23.88 billion during the quarter, compared to analyst estimates of $21.13 billion. During the same quarter last year, the company earned $0.59 EPS. The company’s quarterly revenue was up 23.3% compared to the same quarter last year. As a group, equities analysts predict that Target Co. will post 11.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 10th. Stockholders of record on Wednesday, August 18th will be paid a $0.90 dividend. The ex-dividend date is Tuesday, August 17th. This is a positive change from Target’s previous quarterly dividend of $0.68. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.55%. Target’s payout ratio is currently 28.87%.

In other news, insider Katie M. Boylan sold 1,600 shares of the company’s stock in a transaction dated Thursday, April 8th. The shares were sold at an average price of $203.12, for a total transaction of $324,992.00. Following the completion of the sale, the insider now owns 15,947 shares of the company’s stock, valued at approximately $3,239,154.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christina Hennington sold 1,852 shares of the stock in a transaction that occurred on Friday, March 19th. The stock was sold at an average price of $183.00, for a total transaction of $338,916.00. Following the completion of the transaction, the insider now owns 25,249 shares in the company, valued at approximately $4,620,567. The disclosure for this sale can be found here. Insiders have sold 46,218 shares of company stock valued at $9,483,744 over the last three months. 0.52% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on the company. BMO Capital Markets increased their price objective on Target from $225.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday, May 24th. Jefferies Financial Group decreased their price objective on shares of Target from $205.00 to $188.00 and set a “hold” rating on the stock in a research report on Wednesday, March 3rd. Stifel Nicolaus upped their price objective on shares of Target from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, March 30th. Barclays boosted their target price on Target from $225.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, May 20th. Finally, Morgan Stanley raised their price target on Target from $205.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, May 24th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $231.06.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

Recommended Story: How liquidity affects the bid-ask spread

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGT).

Institutional Ownership by Quarter for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.