Target Co. (NYSE:TGT) Shares Bought by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC boosted its position in shares of Target Co. (NYSE:TGT) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 557,897 shares of the retailer’s stock after purchasing an additional 9,329 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.12% of Target worth $75,416,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in Target during the 4th quarter worth approximately $29,000. Bernard Wealth Management Corp. acquired a new stake in shares of Target during the fourth quarter worth about $30,000. MCF Advisors LLC lifted its stake in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Target by 110.7% during 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, Legacy Investment Solutions LLC raised its stake in Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after acquiring an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Up 1.8%

TGT stock opened at $96.95 on Friday. The business has a fifty day moving average price of $98.53 and a 200-day moving average price of $122.38. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a market capitalization of $44.05 billion, a P/E ratio of 10.28, a P/E/G ratio of 1.94 and a beta of 1.27. Target Co. has a 1-year low of $87.35 and a 1-year high of $167.40.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Equities analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.62%. Target’s payout ratio is 50.56%.

Wall Street Analyst Weigh In

TGT has been the subject of a number of recent analyst reports. DA Davidson reduced their target price on Target from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Citigroup reiterated a “neutral” rating and issued a $97.00 price target (up from $95.00) on shares of Target in a report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Target from $140.00 to $105.00 and set a “neutral” rating on the stock in a report on Friday, May 9th. StockNews.com downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus reduced their price objective on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and an average target price of $128.63.

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.