Alerus Financial NA Has $4.70 Million Stake in Target Co. (NYSE:TGT)

Alerus Financial NA boosted its holdings in shares of Target Co. (NYSE:TGT) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,728 shares of the retailer’s stock after acquiring an additional 852 shares during the quarter. Alerus Financial NA’s holdings in Target were worth $4,695,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC acquired a new stake in shares of Target in the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. bought a new position in Target during the fourth quarter valued at about $29,000. MCF Advisors LLC lifted its position 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 during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of Target in the 3rd quarter valued at approximately $36,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on TGT. Stifel Nicolaus lowered their target price on shares of Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. Guggenheim lifted their price objective on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. UBS Group cut their price objective on Target from $170.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their target price on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group cut their price target on Target from $166.00 to $142.00 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, seventeen have given a hold rating and fourteen have given 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 target price of $143.40.

Target Price Performance

Target stock opened at $106.49 on Friday. The stock has a market cap of $48.51 billion, a price-to-earnings ratio of 11.29, a P/E/G 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. The business’s 50-day simple moving average is $123.56 and its 200 day simple moving average is $136.87.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping 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 company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. As a group, research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.21%. Target’s dividend payout ratio is currently 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.