Target Co. (NYSE:TGT) Shares Acquired by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC increased its stake in Target Co. (NYSE:TGT) by 2.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,783 shares of the retailer’s stock after acquiring an additional 845 shares during the quarter. M. Kulyk & Associates LLC’s holdings in Target were worth $4,837,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TGT. Cynosure Group LLC grew its holdings in shares of Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after buying an additional 65 shares in the last quarter. Hancock Whitney Corp grew its holdings in shares of Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after buying an additional 68 shares in the last quarter. Proffitt & Goodson Inc. grew its holdings in shares of Target by 2.2% during the third quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock valued at $539,000 after buying an additional 73 shares in the last quarter. Eagle Bluffs Wealth Management LLC grew its holdings in shares of Target by 1.1% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after buying an additional 73 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in shares of Target by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after buying an additional 73 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

NYSE TGT opened at $115.11 on Friday. Target Co. has a twelve month low of $112.10 and a twelve month high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market capitalization of $52.74 billion, a PE ratio of 12.21, a P/E/G ratio of 1.94 and a beta of 1.18. The stock has a 50-day simple moving average of $132.05 and a 200 day simple moving average of $141.49.

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

Target Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were paid a dividend of $1.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.89%. Target’s dividend payout ratio is 50.56%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TGT. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Roth Mkm reiterated a “neutral” rating and set a $122.00 price target (down previously from $131.00) on shares of Target in a report on Wednesday. HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a report on Wednesday, November 20th. Evercore ISI reduced their price objective on Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research report on Wednesday. Finally, DA Davidson reduced their price objective on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.00.

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.