Coldstream Capital Management Inc. Acquires 31,298 Shares of Target Co. (NYSE:TGT)

Coldstream Capital Management Inc. lifted its holdings in Target Co. (NYSE:TGT) by 311.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 41,340 shares of the retailer’s stock after acquiring an additional 31,298 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Target were worth $5,588,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invst LLC boosted its position in shares of Target by 2.4% in the 3rd quarter. Invst LLC now owns 11,760 shares of the retailer’s stock worth $1,833,000 after purchasing an additional 276 shares in the last quarter. Westside Investment Management Inc. raised its stake in Target by 5.6% in the third quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer’s stock valued at $257,000 after buying an additional 90 shares during the last quarter. World Investment Advisors LLC boosted its holdings in Target by 142.5% in the third quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer’s stock worth $1,026,000 after acquiring an additional 3,870 shares in the last quarter. Arvest Bank Trust Division acquired a new stake in Target in the third quarter worth about $1,684,000. Finally, Wilmington Savings Fund Society FSB grew its stake 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 acquiring an additional 11,054 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on TGT shares. Wells Fargo & Company lowered their target price on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Roth Mkm reiterated a “neutral” rating and set a $122.00 price objective (down from $131.00) on shares of Target in a research note on Wednesday, March 5th. Robert W. Baird downgraded Target from an “outperform” rating to a “neutral” rating and set a $110.00 target price on the stock. in a research report on Monday, April 7th. Piper Sandler lowered their price target on Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Finally, UBS Group cut their price objective on Target from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $132.37.

Target Stock Up 1.5 %

Shares of TGT opened at $96.71 on Friday. The firm has a market cap of $44.06 billion, a P/E ratio of 10.26, a PEG ratio of 1.94 and a beta of 1.28. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40. The stock’s 50 day moving average is $105.58 and its two-hundred day moving average is $127.93. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

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. The company had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared 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 yield of 4.63%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is presently 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.