Lazari Capital Management Inc. Purchases 363 Shares of Target Co. (NYSE:TGT)

Lazari Capital Management Inc. raised its position in Target Co. (NYSE:TGT) by 21.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,034 shares of the retailer’s stock after purchasing an additional 363 shares during the period. Lazari Capital Management Inc.’s holdings in Target were worth $275,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of Target during the third quarter worth $28,000. Wolff Wiese Magana LLC increased its position in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares in the last quarter. MCF Advisors LLC increased its position in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of 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 acquiring an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Target during the third quarter worth $36,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Down 1.9 %

TGT opened at $137.82 on Monday. The firm has a 50-day simple moving average of $134.80 and a two-hundred day simple moving average of $144.33. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The company has a market capitalization of $63.15 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15. 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 (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 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 company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period last year, the company earned $2.10 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

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 paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and decreased their target price for the company from $184.00 to $108.00 in a research report on Wednesday, November 20th. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company decreased their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. Finally, HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $157.70.

Target Company 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.