Csenge Advisory Group Buys Shares of 1,397 Target Co. (NYSE:TGT)

Csenge Advisory Group bought a new stake in shares of Target Co. (NYSE:TGT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,397 shares of the retailer’s stock, valued at approximately $248,000.

Other institutional investors also recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. bought a new stake in Target during the fourth quarter worth about $28,000. Rakuten Securities Inc. bought a new stake in Target during the fourth quarter worth about $29,000. Private Wealth Management Group LLC bought a new stake in Target during the fourth quarter worth about $29,000. Scarborough Advisors LLC bought a new stake in Target during the fourth quarter worth about $29,000. Finally, Godsey & Gibb Inc. grew its stake in shares of Target by 148.6% during the first quarter. Godsey & Gibb Inc. now owns 174 shares of the retailer’s stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Target from $191.00 to $181.00 and set an “outperform” rating on the stock in a research note on Thursday, May 23rd. UBS Group decreased their price target on shares of Target from $191.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. BMO Capital Markets decreased their price target on shares of Target from $170.00 to $155.00 and set a “market perform” rating on the stock in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Target from $209.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price target on shares of Target in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Target presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.57.

Target Stock Performance

NYSE TGT opened at $151.43 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $70.06 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.37 and a beta of 1.19. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86. The firm has a 50-day moving average price of $150.03 and a two-hundred day moving average price of $153.61.

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

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This is a boost from Target’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a dividend yield of 2.96%. Target’s payout ratio is presently 49.38%.

Target Company 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.