Target Co. (NYSE:TGT) Shares Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC raised its holdings in shares of Target Co. (NYSE:TGT - Free Report) by 4,476.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,234 shares of the retailer's stock after acquiring an additional 100,000 shares during the quarter. ArrowMark Colorado Holdings LLC's holdings in Target were worth $13,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in shares of Target in the fourth quarter valued at about $30,000. Hopwood Financial Services Inc. acquired a new stake in shares of Target during the 4th quarter worth about $29,000. MCF Advisors LLC lifted its stake in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its stake 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 in the last quarter. Finally, Legacy Investment Solutions LLC lifted its stake in Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 79.73% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Bank of America decreased their price target on Target from $160.00 to $145.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Roth Capital set a $122.00 target price on shares of Target in a research report on Wednesday, March 5th. KGI Securities set a $132.00 price target on shares of Target in a research report on Wednesday, March 5th. Cfra Research cut Target from a "moderate buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lowered their target price on Target from $146.00 to $140.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $132.37.

Target Trading Up 2.2 %

Shares of NYSE TGT traded up $2.03 during trading hours on Wednesday, hitting $95.68. The company's stock had a trading volume of 5,725,144 shares, compared to its average volume of 5,773,877. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The business has a 50-day simple moving average of $101.33 and a 200-day simple moving average of $124.74. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40. The stock has a market cap of $43.47 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT - Get Free Report) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.68%. Target's dividend payout ratio is presently 50.56%.

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.