Target Co. (NYSE:TGT) Shares Bought by Opinicus Capital Inc.

Opinicus Capital Inc. boosted its position in shares of Target Co. (NYSE:TGT) by 3.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,565 shares of the retailer’s stock after acquiring an additional 244 shares during the period. Opinicus Capital Inc.’s holdings in Target were worth $1,163,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Services Automobile Association grew its holdings in Target by 2.9% during the 3rd quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after acquiring an additional 1,239 shares in the last quarter. RFG Advisory LLC acquired a new position in shares of Target in the 4th quarter valued at $605,000. Nordea Investment Management AB boosted its holdings in shares of Target by 4.9% in the 4th quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock valued at $73,819,000 after buying an additional 24,066 shares in the last quarter. Asio Capital LLC boosted its holdings in shares of Target by 109.9% in the 4th quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock valued at $3,883,000 after buying an additional 14,274 shares in the last quarter. Finally, Blue Chip Partners LLC boosted its holdings in shares of Target by 5.1% in the 4th quarter. Blue Chip Partners LLC now owns 130,179 shares of the retailer’s stock valued at $18,540,000 after buying an additional 6,348 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Citigroup upgraded shares of Target from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a report on Tuesday, May 7th. BNP Paribas initiated coverage on shares of Target in a report on Monday, June 3rd. They issued an “underperform” rating and a $116.00 target price for the company. Morgan Stanley reduced their price target on shares of Target from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Roth Mkm reiterated a “neutral” rating and issued a $153.00 price target on shares of Target in a research report on Thursday, May 23rd. Finally, BMO Capital Markets reduced their price target on shares of Target from $170.00 to $155.00 and set a “market perform” rating for the company in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Target has an average rating of “Moderate Buy” and a consensus target price of $177.61.

Target Price Performance

Shares of TGT traded up $1.32 during trading hours on Friday, reaching $148.04. The company had a trading volume of 12,772,526 shares, compared to its average volume of 3,818,235. The firm has a 50 day simple moving average of $152.97 and a 200-day simple moving average of $153.10. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $68.49 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.38 and a beta of 1.20. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The company had revenue of $24.14 billion during the quarter, compared to analysts’ expectations of $24.52 billion. Target had a net margin of 3.87% and a return on equity of 31.91%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 EPS. Research analysts expect that Target Co. will post 9.32 earnings per share for the current year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.03%. This is a boost from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio is presently 49.38%.

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.