Berger Financial Group Inc Grows Stock Holdings in Target Co. (NYSE:TGT)

Berger Financial Group Inc grew its holdings in shares of Target Co. (NYSE:TGT) by 4.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,903 shares of the retailer’s stock after acquiring an additional 268 shares during the period. Berger Financial Group Inc’s holdings in Target were worth $798,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TGT. Hopwood Financial Services Inc. purchased a new position in shares of Target during the fourth quarter valued at approximately $29,000. Bernard Wealth Management Corp. purchased a new position in Target in the 4th quarter worth approximately $30,000. MCF Advisors LLC raised its holdings in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Finally, Legacy Investment Solutions LLC raised its holdings in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after acquiring an additional 85 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Up 1.5 %

NYSE TGT opened at $96.71 on Monday. The stock’s 50-day moving average price is $105.58 and its 200-day moving average price is $127.55. The company has a market capitalization of $44.06 billion, a P/E ratio of 10.26, a price-to-earnings-growth 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 $167.40. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its 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. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, equities research analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Mizuho assumed coverage on shares of Target in a report on Friday, April 11th. They issued a “neutral” rating and a $92.00 price objective for the company. Cfra Research lowered shares of Target from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 17th. Baird R W lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Roth Capital set a $122.00 price objective on shares of Target in a report on Wednesday, March 5th. Finally, Robert W. Baird downgraded shares of Target from an “outperform” rating to a “neutral” rating and set a $110.00 target price for the company. in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $132.37.

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.