RBA Wealth Management LLC Makes New $438,000 Investment in Target Co. (NYSE:TGT)

RBA Wealth Management LLC acquired a new stake in shares of Target Co. (NYSE:TGT) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,239 shares of the retailer’s stock, valued at approximately $438,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Czech National Bank boosted its stake in shares of Target by 6.9% in the 3rd quarter. Czech National Bank now owns 94,277 shares of the retailer’s stock worth $14,694,000 after buying an additional 6,119 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Target by 21.2% during the third quarter. GAMMA Investing LLC now owns 10,097 shares of the retailer’s stock valued at $1,574,000 after buying an additional 1,769 shares during the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of Target by 6.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 47,258 shares of the retailer’s stock valued at $7,366,000 after buying an additional 2,890 shares during the last quarter. Eagle Rock Investment Company LLC grew its stake in shares of Target by 166.3% in the third quarter. Eagle Rock Investment Company LLC now owns 16,179 shares of the retailer’s stock worth $2,522,000 after purchasing an additional 10,103 shares during the last quarter. Finally, Fulton Bank N.A. boosted its position in Target by 1.2% during the 3rd quarter. Fulton Bank N.A. now owns 34,685 shares of the retailer’s stock valued at $5,406,000 after acquiring an additional 410 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TGT shares. Guggenheim boosted their target price on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Oppenheimer restated an “outperform” rating and issued a $165.00 target price on shares of Target in a research note on Monday, November 25th. Citigroup raised their target price on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and decreased their price target for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $157.70.

Target Price Performance

TGT stock opened at $134.24 on Tuesday. The business’s 50-day moving average is $134.80 and its two-hundred day moving average is $144.33. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm has a market capitalization of $61.51 billion, a P/E ratio of 14.24, a P/E/G ratio of 2.24 and a beta of 1.16. 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 released its earnings results 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 business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the company posted $2.10 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.34%. Target’s dividend payout ratio (DPR) is presently 47.51%.

About Target

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.