Crewe Advisors LLC Has $97,000 Position in Target Co. (NYSE:TGT)

Crewe Advisors LLC raised its holdings in shares of Target Co. (NYSE:TGT) by 13.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 657 shares of the retailer’s stock after purchasing an additional 77 shares during the quarter. Crewe Advisors LLC’s holdings in Target were worth $97,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. Nations Financial Group Inc. IA ADV raised its holdings in Target by 3.2% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 17,911 shares of the retailer’s stock valued at $2,652,000 after acquiring an additional 552 shares in the last quarter. Members Trust Co acquired a new position in Target in the second quarter valued at about $391,000. F M Investments LLC bought a new stake in Target during the second quarter worth about $1,827,000. American Capital Advisory LLC grew its stake in Target by 474.2% during the second quarter. American Capital Advisory LLC now owns 379 shares of the retailer’s stock worth $54,000 after buying an additional 313 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in Target by 8.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 325,462 shares of the retailer’s stock valued at $48,181,000 after buying an additional 24,860 shares during the period. 79.73% of the stock is owned by institutional investors.

Target Stock Up 0.1 %

NYSE TGT traded up $0.20 during mid-day trading on Friday, hitting $153.62. The company’s stock had a trading volume of 3,884,328 shares, compared to its average volume of 4,042,306. The firm has a market capitalization of $71.07 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.38 and a beta of 1.19. The company’s 50 day simple moving average is $147.03 and its 200 day simple moving average is $154.86. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.39. The business had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. Target had a return on equity of 31.91% and a net margin of 3.87%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.80 EPS. Analysts anticipate that Target Co. will post 9.31 earnings per share for the current year.

Target Increases Dividend

The company also recently disclosed 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 2.92%. This is an increase from Target’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 21st. Target’s payout ratio is currently 50.28%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TGT. Daiwa Capital Markets upgraded shares of Target from a “neutral” rating to an “outperform” rating and set a $170.00 price objective for the company in a research report on Monday. Royal Bank of Canada upped their price objective on Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. TD Cowen raised their target price on shares of Target from $165.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, August 22nd. Bank of America upped their price objective on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $179.68.

Insider Transactions at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the completion of the sale, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.23% of the company’s stock.

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.