Regentatlantic Capital LLC Acquires 11,516 Shares of Target Co. (TGT)

Regentatlantic Capital LLC boosted its holdings in Target Co. (NYSE:TGT) by 20.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 67,855 shares of the retailer’s stock after acquiring an additional 11,516 shares during the quarter. Regentatlantic Capital LLC’s holdings in Target were worth $4,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Carnick & Kubik Group LLC boosted its holdings in Target by 6.5% in the 4th quarter. Carnick & Kubik Group LLC now owns 52,853 shares of the retailer’s stock valued at $3,493,000 after purchasing an additional 3,247 shares during the period. Old Port Advisors bought a new position in Target in the 4th quarter valued at $1,141,000. First Personal Financial Services boosted its holdings in Target by 30.2% in the 4th quarter. First Personal Financial Services now owns 49,031 shares of the retailer’s stock valued at $3,240,000 after purchasing an additional 11,371 shares during the period. Focused Wealth Management Inc boosted its holdings in Target by 10.0% in the 4th quarter. Focused Wealth Management Inc now owns 2,310 shares of the retailer’s stock valued at $153,000 after purchasing an additional 210 shares during the period. Finally, San Francisco Sentry Investment Group CA boosted its holdings in Target by 22.5% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,641 shares of the retailer’s stock valued at $108,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 83.16% of the company’s stock.

Target stock opened at $71.17 on Friday. The company has a quick ratio of 0.13, a current ratio of 0.83 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $37.14 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 2.21 and a beta of 0.72. Target Co. has a twelve month low of $60.15 and a twelve month high of $90.39.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, November 20th. The retailer reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.02). The business had revenue of $17.59 billion during the quarter, compared to the consensus estimate of $17.81 billion. Target had a return on equity of 25.02% and a net margin of 4.31%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 earnings per share. On average, equities analysts anticipate that Target Co. will post 5.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 10th. Shareholders of record on Wednesday, February 20th will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Tuesday, February 19th. Target’s dividend payout ratio is presently 54.35%.

Several research analysts have commented on the stock. Tigress Financial reissued a “buy” rating on shares of Target in a report on Thursday, January 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $86.00 price objective (down from $100.00) on shares of Target in a report on Monday, January 7th. Standpoint Research raised shares of Target from a “hold” rating to a “buy” rating and set a $62.30 price objective for the company in a report on Wednesday, December 26th. Citigroup dropped their price objective on shares of Target from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, December 3rd. Finally, Zacks Investment Research downgraded shares of Target from a “buy” rating to a “hold” rating in a report on Monday, November 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Target presently has an average rating of “Hold” and an average price target of $86.92.

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About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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