ArrowMark Colorado Holdings LLC Purchases 100,000 Shares of Target Co. (NYSE:TGT)

ArrowMark Colorado Holdings LLC lifted its stake in Target Co. (NYSE:TGT - Free Report) by 4,476.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,234 shares of the retailer's stock after buying 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 & Exchange Commission.

Other hedge funds have also modified their holdings of the company. World Investment Advisors LLC increased its stake in Target by 142.5% during the third quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer's stock worth $1,026,000 after acquiring an additional 3,870 shares during the last quarter. Nordea Investment Management AB increased its position in Target by 32.2% during the fourth quarter. Nordea Investment Management AB now owns 1,187,295 shares of the retailer's stock valued at $161,247,000 after acquiring an additional 289,081 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Target by 23.9% in the 4th quarter. CWA Asset Management Group LLC now owns 9,196 shares of the retailer's stock worth $1,243,000 after acquiring an additional 1,773 shares during the last quarter. Silverleafe Capital Partners LLC purchased a new position in shares of Target during the 4th quarter worth about $306,000. Finally, Bangor Savings Bank lifted its stake in Target by 715.4% in the fourth quarter. Bangor Savings Bank now owns 7,241 shares of the retailer's stock worth $979,000 after purchasing an additional 6,353 shares during the last quarter. 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 analyst reports. Roth Mkm restated a "neutral" rating and issued a $122.00 price target (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Gordon Haskett lowered Target from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Jefferies Financial Group lowered their price target on Target from $165.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Oppenheimer dropped their price objective on shares of Target from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Finally, Telsey Advisory Group decreased their price target on Target from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Target currently has an average rating of "Hold" and an average price target of $132.37.

Target Stock Performance

TGT stock traded down $0.21 during trading on Friday, reaching $96.72. 2,400,263 shares of the stock were exchanged, compared to its average volume of 5,770,153. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40. The company has a market capitalization of $43.95 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $100.29 and a 200-day simple moving average of $124.17.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. As a group, sell-side analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.63%. Target's payout ratio is 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.