Patton Albertson Miller Group LLC Boosts Stock Holdings in Target Co. (NYSE:TGT)

Patton Albertson Miller Group LLC raised its position in shares of Target Co. (NYSE:TGT) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 46,559 shares of the retailer’s stock after acquiring an additional 404 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Target were worth $6,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in Target in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC raised its position in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its position in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in Target during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.5 %

TGT stock opened at $137.99 on Friday. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company’s 50 day moving average price is $134.37 and its 200 day moving average price is $144.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market capitalization of $63.23 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.10 earnings per share. On average, equities research analysts anticipate that Target Co. will post 8.68 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.25%. Target’s dividend payout ratio is currently 47.51%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. BMO Capital Markets decreased their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. Oppenheimer reissued an “outperform” rating and set a $165.00 price objective on shares of Target in a research note on Monday, November 25th. Bank of America cut their target price on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. dropped their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, TD Cowen reduced their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $158.57.

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.