Park Capital Management LLC WI Makes New Investment in Target Co. (NYSE:TGT)

Park Capital Management LLC WI purchased a new position in Target Co. (NYSE:TGT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,009 shares of the retailer’s stock, valued at approximately $948,000. Target comprises 1.1% of Park Capital Management LLC WI’s investment portfolio, making the stock its 17th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of TGT. Cynosure Group LLC lifted its holdings in shares of Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after acquiring an additional 65 shares during the period. Financial Advocates Investment Management lifted its holdings in shares of Target by 1.2% during the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after acquiring an additional 67 shares during the period. Hancock Whitney Corp lifted its holdings in shares of Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after acquiring an additional 68 shares during the period. Trust Co. of Vermont lifted its holdings in shares of Target by 0.4% during the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after acquiring an additional 69 shares during the period. Finally, Eagle Bluffs Wealth Management LLC lifted its holdings in shares of Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after acquiring an additional 73 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Down 3.7 %

Shares of NYSE TGT opened at $127.50 on Thursday. The stock has a market cap of $58.42 billion, a P/E ratio of 13.52, a P/E/G ratio of 2.04 and a beta of 1.15. The firm has a 50 day moving average price of $135.26 and a 200 day moving average price of $143.56. 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 Co. has a 52-week low of $120.21 and a 52-week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.10 EPS. Analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TGT shares. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Roth Mkm reduced their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Sanford C. Bernstein raised their price objective on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. Telsey Advisory Group reissued an “outperform” rating and set a $150.00 price target on shares of Target in a report on Friday, January 17th. Finally, StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $157.70.

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.