Axxcess Wealth Management LLC Has $3.38 Million Stock Position in Target Co. (NYSE:TGT)

Axxcess Wealth Management LLC lifted its position in shares of Target Co. (NYSE:TGT) by 26.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,098 shares of the retailer’s stock after purchasing an additional 3,981 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Target were worth $3,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TGT. HBW Advisory Services LLC acquired a new position in Target in the fourth quarter worth $318,000. Assenagon Asset Management S.A. raised its holdings in shares of Target by 4.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 225,602 shares of the retailer’s stock valued at $32,130,000 after buying an additional 8,585 shares during the last quarter. Tectonic Advisors LLC lifted its position in Target by 6.9% during the 4th quarter. Tectonic Advisors LLC now owns 5,579 shares of the retailer’s stock worth $795,000 after buying an additional 359 shares in the last quarter. Schechter Investment Advisors LLC grew its holdings in Target by 4.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 13,356 shares of the retailer’s stock worth $1,902,000 after acquiring an additional 610 shares during the last quarter. Finally, Trust Co of the South acquired a new stake in Target in the 4th quarter valued at about $505,000. 79.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of research reports. Roth Mkm reiterated a “neutral” rating and set a $153.00 target price on shares of Target in a research report on Thursday, May 23rd. Citigroup raised Target from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Tuesday, May 7th. Royal Bank of Canada lowered their target price on Target from $191.00 to $181.00 and set an “outperform” rating for the company in a research note on Thursday, May 23rd. Robert W. Baird reaffirmed an “outperform” rating and set a $190.00 price target on shares of Target in a research note on Thursday, May 23rd. Finally, Evercore ISI raised their price target on Target from $165.00 to $166.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $176.57.

Target Stock Up 1.9 %

Shares of NYSE:TGT traded up $2.71 during trading on Friday, hitting $149.00. 2,339,129 shares of the company’s stock traded hands, compared to its average volume of 3,850,130. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average price of $148.21 and a 200-day moving average price of $154.28. Target Co. has a 52 week low of $102.93 and a 52 week high of $181.86. The company has a market cap of $68.93 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.38 and a beta of 1.19.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). The company had revenue of $24.14 billion during the quarter, compared to the consensus estimate of $24.52 billion. Target had a net margin of 3.87% and a return on equity of 31.91%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.05 EPS. As a group, research analysts forecast that Target Co. will post 9.31 EPS for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, August 21st. This is a boost from Target’s previous quarterly dividend of $1.10. Target’s dividend payout ratio is 50.28%.

Target 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.