5,876 Shares in Target Co. (NYSE:TGT) Bought by Little House Capital LLC

Little House Capital LLC purchased a new stake in Target Co. (NYSE:TGT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,876 shares of the retailer’s stock, valued at approximately $1,041,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Larson Financial Group LLC boosted its position in shares of Target by 1.3% in the 4th quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock worth $760,000 after buying an additional 70 shares in the last quarter. Godshalk Welsh Capital Management Inc. raised its position in shares of Target by 0.9% during the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock worth $1,158,000 after purchasing an additional 70 shares during the last quarter. Welch & Forbes LLC increased its position in Target by 0.9% during the fourth quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock worth $1,099,000 after buying an additional 71 shares in the last quarter. Beacon Financial Advisory LLC raised its holdings in shares of Target by 1.0% in the fourth quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock worth $1,005,000 after acquiring an additional 72 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its position in shares of Target by 4.1% in the first quarter. Pinnacle Bancorp Inc. now owns 1,851 shares of the retailer’s stock valued at $328,000 after acquiring an additional 73 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Down 1.7 %

NYSE TGT traded down $2.49 during trading on Monday, hitting $145.55. 1,570,588 shares of the company traded hands, compared to its average volume of 3,930,056. The company has a market capitalization of $67.34 billion, a P/E ratio of 16.62, a PEG ratio of 1.39 and a beta of 1.19. The business has a fifty day simple moving average of $152.97 and a 200 day simple moving average of $153.33. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. 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 announced its quarterly earnings data 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). Target had a return on equity of 31.91% and a net margin of 3.87%. The company had revenue of $24.14 billion during the quarter, compared to analyst estimates of $24.52 billion. During the same quarter in the previous year, the business posted $2.05 EPS. The company’s revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts predict that Target Co. will post 9.32 EPS for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be issued a $1.12 dividend. This is a positive change from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. This represents a $4.48 annualized dividend and a dividend yield of 3.08%. Target’s dividend payout ratio is presently 49.38%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 target price on shares of Target in a research note on Wednesday, May 22nd. Roth Mkm reaffirmed a “neutral” rating and issued a $153.00 target price on shares of Target in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Target from $209.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Wells Fargo & Company upped their target price on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, BNP Paribas started coverage on shares of Target in a report on Monday, June 3rd. They issued an “underperform” rating and a $116.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.61.

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.