Aptus Capital Advisors LLC Increases Holdings in Target Co. (NYSE:TGT)

Aptus Capital Advisors LLC boosted its position in shares of Target Co. (NYSE:TGT) by 384.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,489 shares of the retailer’s stock after purchasing an additional 29,751 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Target were worth $5,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Hopwood Financial Services Inc. bought a new stake in Target during the 4th quarter valued at $29,000. Bernard Wealth Management Corp. bought a new position in shares of Target during the 4th quarter worth approximately $30,000. MCF Advisors LLC boosted its stake in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in 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 purchasing an additional 135 shares during the last quarter. Finally, Legacy Investment Solutions LLC increased its position in shares of Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after purchasing an additional 85 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on TGT shares. Guggenheim boosted their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. DA Davidson dropped their price target on Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Robert W. Baird cut shares of Target from an “outperform” rating to a “neutral” rating and set a $110.00 target price for the company. in a research note on Monday, April 7th. Roth Capital set a $122.00 target price on shares of Target in a research report on Wednesday, March 5th. Finally, Telsey Advisory Group lowered their price objective 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 investment 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $132.37.

Target Stock Up 1.4 %

Shares of TGT opened at $97.29 on Monday. The firm has a market cap of $44.32 billion, a P/E ratio of 10.32, a PEG ratio of 1.94 and a beta of 1.28. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40. The stock’s 50 day moving average is $102.51 and its two-hundred day moving average is $125.39. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its quarterly 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. The firm had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is presently 50.56%.

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.