1,139 Shares in Target Co. (NYSE:TGT) Bought by Thrive Wealth Management LLC

Thrive Wealth Management LLC acquired a new stake in shares of Target Co. (NYSE:TGT) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,139 shares of the retailer’s stock, valued at approximately $202,000.

A number of other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in Target by 1.3% in the 4th quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock worth $760,000 after purchasing an additional 70 shares in the last quarter. Godshalk Welsh Capital Management Inc. grew its holdings in shares of Target by 0.9% in the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock valued at $1,158,000 after acquiring an additional 70 shares in the last quarter. Welch & Forbes LLC increased its position in shares of Target by 0.9% during the fourth quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock valued at $1,099,000 after acquiring an additional 71 shares during the last quarter. Beacon Financial Advisory LLC lifted its holdings in Target by 1.0% during the fourth quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock worth $1,005,000 after acquiring an additional 72 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its position in Target by 1.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 5,704 shares of the retailer’s stock worth $812,000 after purchasing an additional 76 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada cut their price target on shares of Target from $191.00 to $181.00 and set an “outperform” rating on the stock in a report on Thursday, May 23rd. Morgan Stanley decreased their price target on shares of Target from $190.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, May 23rd. Citigroup upgraded Target from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Tuesday, May 7th. Wells Fargo & Company raised their target price on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. boosted their target price on Target from $125.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Target currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.61.

Target Stock Performance

TGT stock traded up $1.34 during trading on Friday, reaching $148.06. The stock had a trading volume of 298,423 shares, compared to its average volume of 3,847,893. The stock’s 50 day moving average is $153.77 and its two-hundred day moving average is $153.06. The firm has a market cap of $68.50 billion, a PE ratio of 16.47, a PEG ratio of 1.38 and a beta of 1.20. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.02). The business had revenue of $24.14 billion during the quarter, compared to the consensus estimate of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. As a group, equities analysts anticipate that Target Co. will post 9.32 earnings per share for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be paid a $1.12 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $4.48 annualized dividend and a dividend yield of 3.03%. This is an increase from Target’s previous quarterly dividend of $1.10. Target’s dividend payout ratio (DPR) is 49.38%.

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.