Oarsman Capital Inc. Acquires 1,392 Shares of Target Co. (NYSE:TGT)

Oarsman Capital Inc. boosted its holdings in shares of Target Co. (NYSE:TGT) by 10.9% in the fourth quarter, Holdings Channel reports. The firm owned 14,202 shares of the retailer’s stock after purchasing an additional 1,392 shares during the quarter. Oarsman Capital Inc.’s holdings in Target were worth $1,920,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TGT. Geode Capital Management LLC lifted its position in shares of Target by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer’s stock worth $1,332,317,000 after buying an additional 470,990 shares during the period. Norges Bank bought a new position in shares of Target during the fourth quarter valued at $757,892,000. Bank of New York Mellon Corp boosted its stake in shares of Target by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock valued at $518,089,000 after purchasing an additional 234,409 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Target by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,144,828 shares of the retailer’s stock worth $425,118,000 after purchasing an additional 91,357 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after purchasing an additional 1,502,200 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Up 1.5 %

Shares of NYSE:TGT opened at $95.70 on Friday. The firm has a market cap of $43.60 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.94 and a beta of 1.28. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 12 month low of $90.62 and a 12 month high of $173.05. The company’s fifty day simple moving average is $119.41 and its 200 day simple moving average is $134.85.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, research analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.68%. Target’s dividend payout ratio (DPR) is presently 50.56%.

Analyst Ratings Changes

TGT has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Roth Capital set a $122.00 price objective on Target in a research report on Wednesday, March 5th. Wells Fargo & Company decreased their target price on Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Stifel Nicolaus cut their price target on Target from $130.00 to $120.00 and set a “hold” rating for the company in a report on Thursday, March 20th. Finally, Citigroup decreased their price objective 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. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $140.24.

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.