Hurley Capital LLC Takes $58,000 Position in Target Co. (NYSE:TGT)

Hurley Capital LLC bought a new position in shares of Target Co. (NYSE:TGT) in the 4th quarter, Holdings Channel.com reports. The fund bought 424 shares of the retailer’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Target by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer’s stock worth $1,332,317,000 after buying an additional 470,990 shares in the last quarter. Norges Bank acquired a new position in Target during the 4th quarter worth approximately $757,892,000. Bank of New York Mellon Corp increased its position in shares of Target by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock valued at $518,089,000 after purchasing an additional 234,409 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Target by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,144,828 shares of the retailer’s stock worth $425,118,000 after purchasing an additional 91,357 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Target during the 4th quarter worth $297,122,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Up 1.5 %

Shares of Target stock opened at $95.70 on Friday. The firm has a market cap of $43.60 billion, a price-to-earnings 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. The company’s 50-day simple moving average is $119.41 and its 200-day simple moving average is $134.73. 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 (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. The company 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 research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is currently 50.56%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TGT shares. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Stifel Nicolaus cut their target price on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday, March 20th. Roth Mkm reaffirmed a “neutral” rating and issued a $122.00 price target (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Jefferies Financial Group cut their price objective on shares of Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Roth Capital set a $122.00 target price on shares of Target in a report on Wednesday, March 5th. One investment 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. According to MarketBeat, Target presently has an average rating of “Hold” and a consensus price target of $140.24.

About Target

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.