Bcwm LLC Makes New $11.53 Million Investment in Target Co. (NYSE:TGT)

Bcwm LLC bought a new stake in Target Co. (NYSE:TGT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 85,274 shares of the retailer’s stock, valued at approximately $11,527,000. Target accounts for approximately 4.1% of Bcwm LLC’s investment portfolio, making the stock its 2nd largest position.

A number of other large investors also recently made changes to their positions in TGT. Legacy Investment Solutions LLC acquired a new position in Target in the 3rd quarter valued at approximately $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Target during the 4th quarter valued at $29,000. MCF Advisors LLC increased its stake in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings 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 acquired a new stake in Target during the third quarter valued at $36,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TGT shares. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Target in a research note on Wednesday, March 5th. Roth Mkm reaffirmed a “neutral” rating and set a $122.00 price objective (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. Roth Capital set a $122.00 target price on shares of Target in a research report on Wednesday, March 5th. Citigroup cut their price target on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Bank of America reduced their price objective on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $143.40.

Target Trading Down 2.7 %

Target stock opened at $103.63 on Friday. The business has a 50 day moving average price of $122.96 and a two-hundred day moving average price of $136.46. 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 Co. has a 12 month low of $101.76 and a 12 month high of $181.86. The stock has a market cap of $47.21 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

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

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is 50.56%.

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.