Allen Mooney & Barnes Investment Advisors LLC Has $262,000 Stock Position in Target Co. (NYSE:TGT)

Allen Mooney & Barnes Investment Advisors LLC increased its position in shares of Target Co. (NYSE:TGT) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,937 shares of the retailer’s stock after acquiring an additional 201 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Target were worth $262,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in Target during the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC boosted its position in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Target during the third quarter valued at $36,000. Catalyst Capital Advisors LLC acquired a new position in Target during the third quarter valued at $38,000. Finally, Reston Wealth Management LLC purchased a new stake in Target in the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $136.18 on Wednesday. The business’s 50 day moving average is $137.06 and its 200-day moving average is $145.39. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $62.40 billion, a PE ratio of 14.44, a PEG ratio of 2.21 and a beta of 1.16. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.10 EPS. Sell-side analysts predict that Target Co. will post 8.6 earnings per share for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.29%. Target’s payout ratio is presently 47.51%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TGT shares. Roth Mkm reduced their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 target price on shares of Target in a research report on Wednesday, November 20th. Oppenheimer restated an “outperform” rating and set a $165.00 price target on shares of Target in a report on Monday, November 25th. Guggenheim cut their price objective on Target from $180.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, Sanford C. Bernstein began coverage on Target in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $160.57.

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.