Rahlfs Capital LLC Purchases New Position in Target Co. (NYSE:TGT)

Rahlfs Capital LLC acquired a new position in shares of Target Co. (NYSE:TGT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,080 shares of the retailer’s stock, valued at approximately $1,227,000. Target comprises 1.1% of Rahlfs Capital LLC’s portfolio, making the stock its 23rd largest holding.

Other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in Target during the third quarter worth about $28,000. Hopwood Financial Services Inc. bought a new position in Target during the 4th quarter worth $29,000. MCF Advisors LLC raised its holdings in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the period. Finally, OFI Invest Asset Management bought a new position in shares of Target in the fourth quarter worth $36,000. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

TGT stock opened at $95.70 on Friday. 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 business has a 50-day simple moving average of $119.41 and a two-hundred day simple moving average of $134.85. The company has a market capitalization of $43.60 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. Target Co. has a 52-week low of $90.62 and a 52-week high of $173.05.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $30.83 billion. Research analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders 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 4.68%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is 50.56%.

Analyst Upgrades and Downgrades

TGT has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Evercore ISI lowered their price objective on shares of Target from $130.00 to $120.00 and set an “in-line” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. UBS Group cut their price objective on Target from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group lowered their target price on Target from $166.00 to $142.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $140.24.

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.