Lincoln Capital LLC Makes New $210,000 Investment in Target Co. (NYSE:TGT)

Lincoln Capital LLC acquired a new stake in Target Co. (NYSE:TGT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,553 shares of the retailer’s stock, valued at approximately $210,000.

Other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC boosted its holdings in Target by 156.5% in the 3rd 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 Target in the 3rd quarter valued at approximately $36,000. Catalyst Capital Advisors LLC bought a new stake in Target during the 3rd quarter valued at $38,000. Finally, First Financial Corp IN lifted its position in shares of Target by 330.8% during the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock worth $38,000 after acquiring an additional 215 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on TGT shares. Citigroup boosted their price objective on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday. TD Cowen lowered their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Evercore ISI reduced their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and issued a $165.00 target price on shares of Target in a research note on Monday, November 25th. Finally, Guggenheim reduced their price target on shares of Target from $180.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $158.23.

Target Stock Performance

Shares of NYSE:TGT opened at $133.62 on Monday. 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 company has a market cap of $61.22 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a 50-day moving average price of $136.13 and a 200-day moving average price of $145.14.

Target (NYSE:TGT) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.10 earnings per share. As a group, equities analysts anticipate that Target Co. will post 8.6 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.35%. Target’s dividend payout ratio (DPR) is presently 47.51%.

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.