Nebula Research & Development LLC Buys Shares of 15,158 Target Co. (NYSE:TGT)

Nebula Research & Development LLC purchased a new position in shares of Target Co. (NYSE:TGT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,158 shares of the retailer’s stock, valued at approximately $2,049,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kathmere Capital Management LLC grew its position in 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 purchasing an additional 73 shares in the last quarter. Horrell Capital Management Inc. grew its holdings in shares of Target by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock valued at $3,603,000 after acquiring an additional 76 shares in the last quarter. Fiducient Advisors LLC increased its position in shares of Target by 4.6% in the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer’s stock valued at $240,000 after acquiring an additional 78 shares during the last quarter. First PREMIER Bank raised its holdings in Target by 21.9% during the fourth quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock worth $61,000 after acquiring an additional 80 shares in the last quarter. Finally, Winch Advisory Services LLC raised its holdings in Target by 34.5% during the fourth quarter. Winch Advisory Services LLC now owns 320 shares of the retailer’s stock worth $43,000 after acquiring an additional 82 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Oppenheimer dropped their price objective on Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Bank of America cut their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. KGI Securities set a $132.00 price objective on shares of Target in a research note on Wednesday, March 5th. Guggenheim upped their target price on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $132.37.

Target Stock Up 3.4 %

Shares of Target stock opened at $95.32 on Friday. The firm has a market cap of $43.43 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 1.94 and a beta of 1.28. The stock’s 50-day moving average is $106.25 and its 200 day moving average is $128.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a one year low of $87.35 and a one year high of $167.40.

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

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.70%. Target’s dividend payout ratio (DPR) is presently 50.56%.

About Target

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.