Dohj LLC Reduces Stake in Target Co. (NYSE:TGT)

Dohj LLC reduced its position in Target Co. (NYSE:TGT) by 56.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,589 shares of the retailer’s stock after selling 2,100 shares during the period. Dohj LLC’s holdings in Target were worth $282,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Sunburst Financial Group LLC purchased a new position in Target in the 1st quarter valued at approximately $218,000. Thrive Wealth Management LLC acquired a new stake in shares of Target during the first quarter worth $202,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Target by 3.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 149,982 shares of the retailer’s stock worth $26,578,000 after purchasing an additional 5,309 shares during the last quarter. Signet Financial Management LLC acquired a new stake in shares of Target during the first quarter worth $206,000. Finally, Wealthcare Advisory Partners LLC increased its holdings in Target by 9.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 6,236 shares of the retailer’s stock valued at $1,105,000 after buying an additional 532 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. The Goldman Sachs Group boosted their price objective on Target from $176.00 to $194.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Barclays boosted their price objective on Target from $142.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Gordon Haskett boosted their price objective on Target from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Royal Bank of Canada decreased their target price on Target from $191.00 to $181.00 and set an “outperform” rating for the company in a research note on Thursday, May 23rd. Finally, Tigress Financial lifted their target price on Target from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $177.61.

Target Price Performance

NYSE:TGT traded down $0.43 during midday trading on Thursday, hitting $146.74. 2,273,199 shares of the stock were exchanged, compared to its average volume of 3,877,344. Target Co. has a one year low of $102.93 and a one year high of $181.86. The company has a market capitalization of $67.89 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.38 and a beta of 1.20. The business has a 50-day moving average price of $153.77 and a two-hundred day moving average price of $153.06. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.02). The company had revenue of $24.14 billion during the quarter, compared to the consensus estimate of $24.52 billion. Target had a net margin of 3.87% and a return on equity of 31.91%. Target’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 EPS. Sell-side analysts predict that Target Co. will post 9.32 EPS for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be issued a $1.12 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $4.48 annualized dividend and a dividend yield of 3.05%. This is a boost from Target’s previous quarterly dividend of $1.10. Target’s dividend payout ratio is currently 49.38%.

Target 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.