Opinicus Capital Inc. Has $1.16 Million Stock Position in Target Co. (NYSE:TGT)

Opinicus Capital Inc. raised its position in Target Co. (NYSE:TGT) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,565 shares of the retailer’s stock after acquiring an additional 244 shares during the period. Opinicus Capital Inc.’s holdings in Target were worth $1,163,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia increased its holdings in Target by 153.4% in the third quarter. Bank of Nova Scotia now owns 77,882 shares of the retailer’s stock valued at $8,611,000 after purchasing an additional 47,144 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Target by 13.0% during the third quarter. Toronto Dominion Bank now owns 254,622 shares of the retailer’s stock worth $28,154,000 after purchasing an additional 29,206 shares during the period. Cape Cod Five Cents Savings Bank increased its stake in Target by 96.5% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 20,210 shares of the retailer’s stock worth $2,235,000 after acquiring an additional 9,925 shares during the period. CWA Asset Management Group LLC increased its stake in Target by 6.5% during the 3rd quarter. CWA Asset Management Group LLC now owns 3,110 shares of the retailer’s stock worth $344,000 after acquiring an additional 190 shares during the period. Finally, Teza Capital Management LLC boosted its holdings in shares of Target by 168.3% in the 3rd quarter. Teza Capital Management LLC now owns 14,032 shares of the retailer’s stock valued at $1,552,000 after purchasing an additional 8,802 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 0.9 %

Target stock traded up $1.32 during midday trading on Friday, reaching $148.04. The stock had a trading volume of 12,772,526 shares, compared to its average volume of 3,818,235. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The company has a market capitalization of $68.49 billion, a P/E ratio of 16.63, a PEG ratio of 1.38 and a beta of 1.20. The company has a fifty day moving average price of $152.97 and a two-hundred day moving average price of $153.10. 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 issued its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The company had revenue of $24.14 billion for 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 business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 earnings per share. As a group, equities analysts expect that Target Co. will post 9.32 EPS for the current fiscal year.

Target Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TGT shares. Robert W. Baird reissued an “outperform” rating and set a $190.00 price objective on shares of Target in a report on Thursday, May 23rd. Tigress Financial lifted their target price on Target from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Evercore ISI lifted their target price on Target from $165.00 to $166.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. JPMorgan Chase & Co. lifted their target price on Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Wells Fargo & Company lifted their target price on Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $177.61.

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.