Lifelong Wealth Advisors Inc. Takes Position in Target Co. (NYSE:TGT)

Lifelong Wealth Advisors Inc. bought a new position in shares of Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,967 shares of the retailer’s stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nicholas Company Inc. lifted its position in Target by 20.5% during the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock worth $7,544,000 after buying an additional 9,485 shares during the period. River Road Asset Management LLC raised its position in shares of Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock worth $31,699,000 after buying an additional 138,751 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in Target during the fourth quarter worth about $6,459,000. Sierra Summit Advisors LLC raised its holdings in shares of Target by 29.0% in the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer’s stock worth $1,940,000 after purchasing an additional 3,231 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after purchasing an additional 3,590 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Price Performance

TGT opened at $92.14 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $111.35 and its 200 day moving average price is $130.99. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $169.09. The firm has a market cap of $41.98 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last released its quarterly earnings data 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 return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. As a group, sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.86%. Target’s dividend payout ratio (DPR) is presently 50.56%.

Wall Street Analyst Weigh In

Several research analysts recently commented on TGT shares. Citigroup cut their price target on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Robert W. Baird cut shares of Target from an “outperform” rating to a “neutral” rating and set a $110.00 price target for the company. in a research report on Monday, April 7th. Evercore ISI cut their price objective on Target from $130.00 to $120.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. DA Davidson lowered their target price on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, Telsey Advisory Group decreased their target price on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $134.57.

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.