Gen Wealth Partners Inc Grows Stake in Target Co. (NYSE:TGT)

Gen Wealth Partners Inc increased its position in shares of Target Co. (NYSE:TGT) by 6.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,709 shares of the retailer’s stock after acquiring an additional 224 shares during the period. Gen Wealth Partners Inc’s holdings in Target were worth $501,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TGT. Hopwood Financial Services Inc. purchased a new stake in shares of Target in the 4th quarter worth about $29,000. Bernard Wealth Management Corp. purchased a new stake in shares of Target during the fourth quarter worth about $30,000. MCF Advisors LLC lifted its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its position in shares of Target by 110.7% in the fourth 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 shares of 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 purchasing an additional 85 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

TGT stock opened at $96.39 on Friday. The stock’s fifty day moving average is $99.88 and its two-hundred day moving average is $123.63. The stock has a market capitalization of $43.80 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.94 and a beta of 1.27. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a 1 year low of $87.35 and a 1 year high of $167.40.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $30.83 billion. On average, research analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

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 paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is currently 50.56%.

Analyst Ratings Changes

A number of research firms recently issued reports on TGT. Roth Capital set a $122.00 target price on shares of Target in a research report on Wednesday, March 5th. The Goldman Sachs Group downgraded shares of Target from a “buy” rating to a “neutral” rating and cut their target price for the company from $142.00 to $101.00 in a research note on Wednesday, April 16th. Telsey Advisory Group decreased their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. Robert W. Baird lowered Target from an “outperform” rating to a “neutral” rating and set a $110.00 price objective on the stock. in a research report on Monday, April 7th. Finally, DA Davidson decreased their target price on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $131.20.

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.