Buckley Wealth Management LLC Has $1.03 Million Stock Position in Target Co. (NYSE:TGT)

Buckley Wealth Management LLC boosted its holdings in shares of Target Co. (NYSE:TGT) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,595 shares of the retailer’s stock after buying an additional 250 shares during the period. Buckley Wealth Management LLC’s holdings in Target were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its position in Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after purchasing an additional 490 shares during the last quarter. River Road Asset Management LLC increased its position in Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock worth $31,699,000 after purchasing an additional 138,751 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after purchasing an additional 3,590 shares during the last quarter. Northeast Financial Group Inc. acquired a new position in Target in the 4th quarter worth about $1,566,000. Finally, Achmea Investment Management B.V. increased its position in Target by 5.0% in the 4th quarter. Achmea Investment Management B.V. now owns 133,563 shares of the retailer’s stock worth $18,055,000 after purchasing an additional 6,341 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

Target stock opened at $104.71 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market capitalization of $47.98 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a one year low of $103.46 and a one year high of $181.86. The business has a 50 day simple moving average of $129.35 and a 200 day simple moving average of $139.88.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, sell-side analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.28%. Target’s dividend payout ratio (DPR) is presently 50.56%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. TD Cowen dropped their target price on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and lowered their price objective for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. Jefferies Financial Group lowered their price objective on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. UBS Group lowered 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, DA Davidson lowered their price objective on Target from $153.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $145.87.

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.