Target Co. (NYSE:TGT) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. boosted its holdings in shares of Target Co. (NYSE:TGT) by 18.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,156 shares of the retailer’s stock after purchasing an additional 4,724 shares during the quarter. Zions Bancorporation N.A.’s holdings in Target were worth $4,076,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new stake in shares of Target in the third quarter worth $28,000. Hopwood Financial Services Inc. acquired a new position in Target during the 4th quarter worth $29,000. MCF Advisors LLC increased its position in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Target in the 3rd quarter valued at about $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on TGT shares. UBS Group lowered their price objective on Target from $170.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Guggenheim upped their price target on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Jefferies Financial Group decreased their price objective on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Bank of America lowered their target price on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus target price of $145.55.

Target Stock Up 4.2 %

TGT stock opened at $108.43 on Tuesday. The company has a 50 day moving average of $125.28 and a two-hundred day moving average of $137.62. The company has a market cap of $49.40 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a 12-month low of $101.76 and a 12-month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, equities analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is 50.56%.

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.