Thursday, June 12, 2014

Recent Buy - Target Corporation TGT



11th June 2014 I Bought 100 shares of TGT at $57.25 per share plus commission.


Target Corporation operates general merchandise stores in the United States and Canada. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys, as well as electronics that consist of video game hardware and software; apparel and accessories, such as apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes. The company also provides food and pet supplies, including dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and home furnishings and décor, such as furniture, lighting, kitchenware, small appliances, home décor, bed and bath, home improvement, automotive, and seasonal merchandise comprising patio furniture and holiday décor. In addition, it offers in-store amenities. The company distributes its merchandise through a network of distribution centers, as well as third parties and direct shipping from vendors. Further, it provides general merchandise through its Website, Target.com; and branded proprietary Target Debit Card and Target Credit Card. As of April 2, 2014, the company had 1,924 stores, including 1,797 in the United States and 127 in Canada. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.

TGT is a Dividend Champion with an 46 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 19.7, 23.4, 21.4 and 19.8. (DividendChampions.xls) After yesterday's declaration of a quarterly dividend (More here), Target now pays dividends of $0.52 per share in March, June, September and December.





TGT's earnings per share has moved steadily upwards, except a big dip in 2013.


Some ratings for TGT:

    Yahoo:  Mean Recommendation 2.9, 1y Target Est 59.33
    Reuters: Mean Rating 2.81
    Morningstar:  (****)

My last purchase 100 shares of TGT increases €114.29 ($154.96) of expected annual dividend net income, which increases my portfolio projected annual dividend net income to €7287.21. With purchase price $57.25 plus commission my starting yield on cost is 3.62%.


Click here to see my portfolio.

Full Disclosure: Long TGT
 
 

16 comments:

  1. Det ser ut att vara ett bra köp! Man kanske ska passa på att utöka sitt innehav i Target. Trevlig utdelningshöjning!

    ReplyDelete
    Replies
    1. Hej
      Tack. Jag tror att TGT är ett bra köp på dessa priser under lång tid utdelningsportföljen. Möjligen knackade under sommaren mer om och när marknaden kommer att falla.
      Tack för din kommentar och för ditt besök!
      DH

      Delete
    2. Mitt val var för mitt senaste inköp var främst mellan TGT och KMI. Det blev den senare den här gången.

      Mvh,
      Frihetsfonden

      Delete
  2. Nice addition! IT is in my portfolio too and also want to add more after the nice dividend raise from yesterday

    ReplyDelete
    Replies
    1. Hello
      Probably the market will give it a good opportunity for the next few weeks / months.
      Thanks for stopping by!
      DH

      Delete
  3. DH,

    Nice purchase there! And what a dividend raise. You got in at just the right time, as I think there's still a lot of value here. I can't really buy any more myself, but this is a great buy right now.

    Best wishes!

    ReplyDelete
    Replies
    1. Hi Jason
      I made the acquisition after the announcement of a dividend increase, so there is no way that the timing was good :) However, I believe that the dividend will grow also in the future.
      Thanks for stopping by!
      DH

      Delete
  4. Quite a few people are picking up TGT this month. Good time to pick it up after the market dip! I will probably start my position in it next year when their Canadian expansion gets back on track.

    Good Day and Grind On!

    ReplyDelete
    Replies
    1. Hi A-G
      I hope TGT gets things sorted out quickly in Canada.
      Have a good weekend!
      DH

      Delete
  5. I like TGT at current levels. We also bought some more shares recently for our family's dividend stock portfolio. Thinking of adding more after hearing about the roughly 20% dividend increase they just announced for TGT!

    Wishing you continued success in your journey! AFFJ

    ReplyDelete
  6. Just started a position myself this week. The recent dividend increase was for me enough to finally make the decision!

    Best,

    DW

    ReplyDelete
    Replies
    1. Hi DW
      Welcome to the ranks of the owners. :)
      DH

      Delete
  7. A solid holding. Target is looking a little expensive to me at the moment (like much of the dividend paying stocks), but with a long term outlook that shouldnt matter too much

    ReplyDelete
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