Target Co. (NYSE:TGT) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp grew its stake in shares of Target Co. (NYSE:TGT - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,647,094 shares of the retailer's stock after acquiring an additional 42,385 shares during the quarter. Stifel Financial Corp owned about 0.36% of Target worth $222,661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kathmere Capital Management LLC raised its stake in shares of Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer's stock worth $343,000 after purchasing an additional 73 shares during the last quarter. Horrell Capital Management Inc. raised its position in Target by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock worth $3,603,000 after buying an additional 76 shares during the last quarter. Fiducient Advisors LLC lifted its stake in Target by 4.6% during the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock valued at $240,000 after acquiring an additional 78 shares during the period. First PREMIER Bank increased its stake in shares of Target by 21.9% in the fourth quarter. First PREMIER Bank now owns 445 shares of the retailer's stock worth $61,000 after acquiring an additional 80 shares during the period. Finally, Winch Advisory Services LLC raised its holdings in shares of Target by 34.5% during the fourth quarter. Winch Advisory Services LLC now owns 320 shares of the retailer's stock worth $43,000 after purchasing an additional 82 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Gordon Haskett lowered Target from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Baird R W lowered shares of Target from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Robert W. Baird downgraded shares of Target from an "outperform" rating to a "neutral" rating and set a $110.00 price objective for the company. in a research report on Monday, April 7th. Roth Mkm restated a "neutral" rating and set a $122.00 target price (down from $131.00) on shares of Target in a research report on Wednesday, March 5th. Finally, UBS Group reduced their price target on Target from $170.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $132.37.

Target Trading Up 3.4 %

Shares of TGT stock traded up $3.17 on Thursday, hitting $95.32. The stock had a trading volume of 7,712,055 shares, compared to its average volume of 5,679,316. The company's 50 day moving average price is $106.90 and its 200-day moving average price is $128.68. Target Co. has a 1 year low of $87.35 and a 1 year high of $167.40. 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 firm has a market capitalization of $43.43 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.94 and a beta of 1.28.

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

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's payout ratio is 50.56%.

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.