Tradewinds Capital Management LLC Purchases 1,000 Shares of Target Co. (NYSE:TGT)

Tradewinds Capital Management LLC boosted its position in Target Co. (NYSE:TGT) by 909.1% in the 1st quarter, Holdings Channel reports. The firm owned 1,110 shares of the retailer’s stock after buying an additional 1,000 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Target were worth $197,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TGT. Waverly Advisors LLC grew its holdings in shares of Target by 34.0% during the third quarter. Waverly Advisors LLC now owns 2,570 shares of the retailer’s stock valued at $284,000 after buying an additional 652 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Target by 13.6% during the third quarter. AQR Capital Management LLC now owns 90,440 shares of the retailer’s stock valued at $9,986,000 after buying an additional 10,813 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Target by 12.9% during the third quarter. Glenmede Trust Co. NA now owns 176,865 shares of the retailer’s stock valued at $19,556,000 after buying an additional 20,258 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Target by 103.9% during the third quarter. Axxcess Wealth Management LLC now owns 4,593 shares of the retailer’s stock valued at $508,000 after buying an additional 2,340 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Target by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 2,232,317 shares of the retailer’s stock valued at $249,737,000 after buying an additional 65,773 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TGT shares. Stifel Nicolaus boosted their target price on shares of Target from $153.00 to $177.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Target from $209.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Wells Fargo & Company upped their price target on shares of Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Royal Bank of Canada reduced their price target on shares of Target from $191.00 to $181.00 and set an “outperform” rating for the company in a research report on Thursday, May 23rd. Finally, Guggenheim upped their price target on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.61.

Target Stock Down 0.5 %

Target stock traded down $0.69 during mid-day trading on Wednesday, reaching $144.70. 983,189 shares of the company’s stock were exchanged, compared to its average volume of 3,910,275. The company has a market cap of $66.94 billion, a P/E ratio of 16.31, a P/E/G ratio of 1.39 and a beta of 1.19. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. 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 fifty day moving average of $152.12 and a 200-day moving average of $153.41.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The business had revenue of $24.14 billion for the quarter, compared to analyst estimates of $24.52 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. Target’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 earnings per share. Sell-side analysts expect that Target Co. will post 9.32 EPS for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.10%. This is a positive change from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio (DPR) is presently 49.38%.

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.