NorthRock Partners LLC Has $13.19 Million Stock Holdings in Target Co. (NYSE:TGT)

NorthRock Partners LLC grew its position in shares of Target Co. (NYSE:TGT - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,535 shares of the retailer's stock after purchasing an additional 20,723 shares during the period. NorthRock Partners LLC's holdings in Target were worth $13,185,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kathmere Capital Management LLC increased its holdings in Target by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer's stock valued at $343,000 after buying an additional 73 shares during the period. Horrell Capital Management Inc. grew its holdings in Target by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock worth $3,603,000 after purchasing an additional 76 shares during the last quarter. Fiducient Advisors LLC grew its holdings in Target by 4.6% in the fourth quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock worth $240,000 after purchasing an additional 78 shares during the last quarter. First PREMIER Bank grew its holdings in shares of Target by 21.9% during the fourth quarter. First PREMIER Bank now owns 445 shares of the retailer's stock valued at $61,000 after buying an additional 80 shares during the last quarter. Finally, Winch Advisory Services LLC grew its position in Target by 34.5% during the 4th quarter. Winch Advisory Services LLC now owns 320 shares of the retailer's stock worth $43,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 79.73% of the company's stock.

Target Stock Performance

Shares of NYSE:TGT traded up $1.49 during trading on Friday, reaching $98.56. 6,355,230 shares of the company's stock traded hands, compared to its average volume of 5,899,350. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40. The company has a 50 day moving average of $98.24 and a 200-day moving average of $122.04. The stock has a market capitalization of $44.78 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $30.92 billion during the quarter, compared to analysts' expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, equities analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.55%. Target's dividend payout ratio (DPR) is presently 50.56%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. KGI Securities set a $132.00 price objective on shares of Target in a report on Wednesday, March 5th. Jefferies Financial Group cut their price objective on shares of Target from $165.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Mizuho initiated coverage on shares of Target in a report on Friday, April 11th. They issued a "neutral" rating and a $92.00 price objective for the company. Sanford C. Bernstein downgraded shares of Target from a "market perform" rating to an "underperform" rating and cut their price target for the stock from $97.00 to $82.00 in a report on Monday, May 12th. Finally, Roth Capital set a $122.00 price target on shares of Target in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $128.13.

About Target

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.