Tradition Wealth Management LLC Has $2.08 Million Holdings in Target Co. (NYSE:TGT)

Tradition Wealth Management LLC raised its position in shares of Target Co. (NYSE:TGT) by 2.2% in the fourth quarter, HoldingsChannel reports. The fund owned 15,403 shares of the retailer’s stock after acquiring an additional 332 shares during the period. Tradition Wealth Management LLC’s holdings in Target were worth $2,082,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Invst LLC boosted its position in shares of Target by 2.4% in the third quarter. Invst LLC now owns 11,760 shares of the retailer’s stock valued at $1,833,000 after acquiring an additional 276 shares during the period. Westside Investment Management Inc. raised its stake in Target by 5.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer’s stock worth $257,000 after purchasing an additional 90 shares in the last quarter. World Investment Advisors LLC boosted its holdings in Target by 142.5% in the 3rd quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer’s stock valued at $1,026,000 after purchasing an additional 3,870 shares during the period. Arvest Bank Trust Division acquired a new position in shares of Target during the 3rd quarter worth approximately $1,684,000. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of Target by 331.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 14,387 shares of the retailer’s stock worth $2,242,000 after purchasing an additional 11,054 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Evercore ISI cut their price target on Target from $130.00 to $120.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. Telsey Advisory Group cut their target price on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. StockNews.com cut Target from a “buy” rating to a “hold” rating in a research report on Thursday, April 10th. DA Davidson cut their price objective on shares of Target from $153.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company decreased their target price on shares of Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $132.37.

Target Stock Performance

Shares of TGT stock opened at $93.13 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a one year low of $87.35 and a one year high of $169.09. The business’s 50 day simple moving average is $108.98 and its 200 day simple moving average is $129.73. The stock has a market capitalization of $42.43 billion, a PE ratio of 9.88, a PEG ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share 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 analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, research analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders 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 4.81%. The ex-dividend date is Wednesday, May 14th. Target’s dividend 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.