Coldstream Capital Management Inc. Raises Position in Target Co. (NYSE:TGT)

Coldstream Capital Management Inc. boosted its holdings in shares of Target Co. (NYSE:TGT - Free Report) by 311.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,340 shares of the retailer's stock after buying an additional 31,298 shares during the period. Coldstream Capital Management Inc.'s holdings in Target were worth $5,588,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new stake in Target in the fourth quarter valued at $30,000. Hopwood Financial Services Inc. acquired a new stake in shares of Target in the fourth quarter valued at approximately $29,000. MCF Advisors LLC raised its position in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Finally, Legacy Investment Solutions LLC grew its holdings in Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after acquiring an additional 85 shares during the period. Institutional investors own 79.73% of the company's stock.

Target Stock Down 0.2 %

Shares of Target stock traded down $0.21 during trading hours on Monday, reaching $96.37. The company's stock had a trading volume of 4,657,442 shares, compared to its average volume of 5,710,291. 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 company has a market capitalization of $43.90 billion, a P/E ratio of 10.22, a P/E/G ratio of 1.94 and a beta of 1.28. The stock's fifty day simple moving average is $105.58 and its two-hundred day simple moving average is $127.55. Target Co. has a one year low of $87.35 and a one year high of $167.40.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, research analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.65%. Target's dividend payout ratio (DPR) is presently 50.56%.

Analysts Set New Price Targets

TGT has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their target price on Target from $165.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. StockNews.com lowered shares of Target from a "buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Citigroup lowered their price target on shares of Target from $120.00 to $95.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Robert W. Baird cut shares of Target from an "outperform" rating to a "neutral" rating and set a $110.00 target price for the company. in a research report on Monday, April 7th. Finally, Piper Sandler dropped their price target on Target from $132.00 to $124.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $132.37.

Target 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.