Ceeto Capital Group LLC Purchases 6,300 Shares of Target Co. (NYSE:TGT)

Ceeto Capital Group LLC grew its holdings in Target Co. (NYSE:TGT) by 320.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,263 shares of the retailer’s stock after acquiring an additional 6,300 shares during the quarter. Ceeto Capital Group LLC’s holdings in Target were worth $1,117,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its holdings in shares of Target by 29.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 103,795 shares of the retailer’s stock valued at $14,059,000 after purchasing an additional 23,878 shares in the last quarter. Petros Family Wealth LLC bought a new position in Target in the fourth quarter valued at about $233,000. NFP Retirement Inc. raised its stake in Target by 4.2% during the fourth quarter. NFP Retirement Inc. now owns 2,314 shares of the retailer’s stock worth $313,000 after acquiring an additional 93 shares in the last quarter. Quinn Opportunity Partners LLC bought a new stake in shares of Target during the 4th quarter valued at approximately $1,108,000. Finally, Glass Jacobson Investment Advisors llc raised its position in Target by 25.2% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 745 shares of the retailer’s stock worth $101,000 after purchasing an additional 150 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

Target stock opened at $92.77 on Friday. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $171.06. The firm’s fifty day moving average price is $113.01 and its 200-day moving average price is $131.86. The stock has a market cap of $42.26 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, equities research analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is presently 50.56%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Jefferies Financial Group cut their price objective on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Bank of America decreased their price objective on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. UBS Group dropped their target price on shares of Target from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Mizuho initiated coverage on Target in a research report on Friday. They issued a “neutral” rating and a $92.00 price objective for the company. Finally, Guggenheim upped their target price on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $134.57.

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.