Addison Advisors LLC Has $167,000 Stock Holdings in Target Co. (NYSE:TGT)

Addison Advisors LLC raised its stake in shares of Target Co. (NYSE:TGT) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,172 shares of the retailer’s stock after buying an additional 172 shares during the period. Addison Advisors LLC’s holdings in Target were worth $167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Counterpoint Mutual Funds LLC acquired a new stake in shares of Target during the 3rd quarter valued at about $75,000. Aaron Wealth Advisors LLC grew its position in Target by 14.8% in the third quarter. Aaron Wealth Advisors LLC now owns 3,796 shares of the retailer’s stock worth $420,000 after acquiring an additional 489 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Target by 5.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 141,326 shares of the retailer’s stock worth $15,626,000 after purchasing an additional 7,377 shares during the last quarter. Simplicity Solutions LLC raised its holdings in shares of Target by 1.4% during the 3rd quarter. Simplicity Solutions LLC now owns 9,487 shares of the retailer’s stock valued at $1,049,000 after purchasing an additional 131 shares in the last quarter. Finally, Connecticut Wealth Management LLC raised its holdings in shares of Target by 100.7% during the 3rd quarter. Connecticut Wealth Management LLC now owns 3,342 shares of the retailer’s stock valued at $370,000 after purchasing an additional 1,677 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TGT has been the topic of several analyst reports. BMO Capital Markets increased their target price on shares of Target from $145.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 6th. DA Davidson lifted their target price on shares of Target from $167.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Guggenheim upped their price target on shares of Target from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Roth Mkm lifted their price objective on Target from $140.00 to $153.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Finally, Oppenheimer boosted their price objective on Target from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.85.

Insider Activity at Target

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the transaction, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now directly owns 30,527 shares in the company, valued at $5,038,481.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the transaction, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The disclosure for this sale can be found here. Insiders sold 52,600 shares of company stock valued at $8,819,598 in the last three months. Corporate insiders own 0.23% of the company’s stock.

Target Price Performance

Shares of NYSE TGT traded up $0.30 during midday trading on Friday, reaching $164.74. 2,085,518 shares of the company traded hands, compared to its average volume of 2,821,609. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.91. The stock’s 50-day simple moving average is $165.52 and its 200-day simple moving average is $143.02. The firm has a market cap of $76.06 billion, a PE ratio of 18.44, a PEG ratio of 1.54 and a beta of 1.14.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.57. The firm had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.89 EPS. As a group, equities analysts anticipate that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, May 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.67%. Target’s dividend payout ratio (DPR) is presently 49.27%.

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.