Murphy & Mullick Capital Management Corp Makes New $89,000 Investment in Target Co. (NYSE:TGT)

Murphy & Mullick Capital Management Corp acquired a new stake in Target Co. (NYSE:TGT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 657 shares of the retailer’s stock, valued at approximately $89,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Target during the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. bought a new position in shares of Target during the 4th quarter worth about $29,000. FSA Wealth Management LLC acquired a new position in shares of Target during the third quarter valued at about $36,000. MCF Advisors LLC lifted its stake in shares of 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 buying an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. cut their price target on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Telsey Advisory Group cut their target price on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. DA Davidson decreased their price target on shares of Target from $153.00 to $140.00 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 shares of Target in a research note on Wednesday, March 5th. Finally, Citigroup decreased their target price on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.55.

Target Price Performance

Target stock opened at $106.05 on Thursday. The business’s 50-day simple moving average is $124.09 and its 200 day simple moving average is $137.08. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market cap of $48.32 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a 12-month low of $101.76 and a 12-month high of $181.86.

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

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.22%. Target’s dividend payout ratio is currently 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.