Aveo Capital Partners LLC Takes Position in Target Co. (TGT)
Aveo Capital Partners LLC acquired a new stake in Target Co. (NYSE:TGT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,537 shares of the retailer’s stock, valued at approximately $231,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. Capital Research Global Investors acquired a new position in Target in the second quarter valued at $235,305,000. American Century Companies Inc. increased its stake in Target by 45.1% in the third quarter. American Century Companies Inc. now owns 5,238,106 shares of the retailer’s stock valued at $309,101,000 after purchasing an additional 1,629,222 shares during the period. Miller Howard Investments Inc. NY acquired a new position in Target in the third quarter valued at $65,948,000. Dimensional Fund Advisors LP increased its stake in Target by 49.7% in the third quarter. Dimensional Fund Advisors LP now owns 3,186,874 shares of the retailer’s stock valued at $188,052,000 after purchasing an additional 1,058,000 shares during the period. Finally, Hamlin Capital Management LLC acquired a new position in Target in the fourth quarter valued at $60,860,000. Institutional investors own 87.36% of the company’s stock.
A number of research firms have commented on TGT. Vetr upgraded shares of Target from a “sell” rating to a “hold” rating and set a $72.52 price objective on the stock in a research note on Monday. Sanford C. Bernstein set a $65.00 price objective on shares of Target and gave the company a “buy” rating in a research note on Thursday, December 14th. Barclays set a $45.00 price objective on shares of Target and gave the company a “sell” rating in a research note on Wednesday, November 15th. MKM Partners set a $77.00 price objective on shares of Target and gave the company a “buy” rating in a research note on Thursday, December 14th. Finally, Stifel Nicolaus dropped their price objective on shares of Target from $65.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday, November 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $66.88.
Shares of Target Co. (TGT) opened at $72.71 on Wednesday. The firm has a market cap of $39,520.00, a PE ratio of 15.28, a PEG ratio of 3.45 and a beta of 0.75. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. Target Co. has a fifty-two week low of $48.56 and a fifty-two week high of $78.70.
Target (NYSE:TGT) last issued its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. Target had a net margin of 3.80% and a return on equity of 24.09%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. sell-side analysts expect that Target Co. will post 4.72 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, February 20th. Target’s dividend payout ratio is currently 52.10%.
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Target Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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