Wealthstreet Investment Advisors LLC acquired a new position in Target Co. (NYSE:TGT) during the 4th quarter, Holdings Channel reports. The fund acquired 15,941 shares of the retailer’s stock, valued at approximately $1,040,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Security National Bank of Sioux City Iowa IA boosted its position in shares of Target by 0.8% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 13,341 shares of the retailer’s stock worth $698,000 after buying an additional 102 shares in the last quarter. Rowland & Co. Investment Counsel ADV raised its stake in Target by 4.7% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 2,956 shares of the retailer’s stock valued at $155,000 after purchasing an additional 132 shares during the last quarter. Security National Bank of SO Dak raised its stake in Target by 2.0% in the 2nd quarter. Security National Bank of SO Dak now owns 10,333 shares of the retailer’s stock valued at $540,000 after purchasing an additional 207 shares during the last quarter. Capital Investment Advisory Services LLC raised its stake in Target by 9.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 7,675 shares of the retailer’s stock valued at $501,000 after purchasing an additional 693 shares during the last quarter. Finally, BerganKDV Wealth Management LLC raised its stake in Target by 3.3% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 26,577 shares of the retailer’s stock valued at $1,568,000 after purchasing an additional 853 shares during the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.

Shares of Target Co. (NYSE:TGT) opened at $71.90 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. Target Co. has a fifty-two week low of $48.56 and a fifty-two week high of $78.70. The stock has a market capitalization of $39,070.00, a PE ratio of 15.17, a PEG ratio of 3.42 and a beta of 0.75.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The business had revenue of $16.67 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter in the previous year, the business earned $1.04 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. research analysts expect that Target Co. will post 4.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Tuesday, February 20th. Target’s payout ratio is currently 52.10%.

In other news, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie A. Lundquist sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total value of $234,240.00. Following the sale, the insider now owns 16,906 shares of the company’s stock, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. Insiders have sold a total of 16,262 shares of company stock valued at $1,185,484 in the last quarter. Company insiders own 0.20% of the company’s stock.

Several brokerages recently weighed in on TGT. Cowen set a $80.00 target price on shares of Target and gave the company a “hold” rating in a research note on Thursday, February 8th. Vetr raised shares of Target from a “sell” rating to a “hold” rating and set a $72.52 target price for the company in a research note on Monday, February 5th. Zacks Investment Research raised shares of Target from a “hold” rating to a “strong-buy” rating and set a $88.00 target price for the company in a research note on Saturday, January 20th. MKM Partners set a $93.00 target price on shares of Target and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $75.00 target price on shares of Target in a research note on Thursday, January 11th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $67.64.

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About Target

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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