Spectrum Wealth Advisory Group LLC Makes New $287,000 Investment in Target Co. (NYSE:TGT)

Spectrum Wealth Advisory Group LLC purchased a new stake in Target Co. (NYSE:TGT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,124 shares of the retailer’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cynosure Group LLC increased its stake in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after acquiring an additional 65 shares during the last quarter. Financial Advocates Investment Management increased its stake in shares of Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after acquiring an additional 67 shares during the last quarter. Hancock Whitney Corp increased its stake in shares of Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after acquiring an additional 68 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of Target by 0.4% in the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after acquiring an additional 69 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC increased its stake in shares of Target by 1.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Target Trading Down 0.6 %

Shares of Target stock opened at $127.86 on Friday. The business has a fifty day simple moving average of $135.11 and a two-hundred day simple moving average of $143.21. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company has a market capitalization of $58.58 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 2.04 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period in the prior year, the business earned $2.10 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Research analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Analysts Set New Price Targets

TGT has been the subject of a number of recent analyst reports. Citigroup upped their price target on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and lowered their target price for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Sanford C. Bernstein increased their target price on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lowered their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, StockNews.com cut Target from a “buy” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $157.70.

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.