Axxcess Wealth Management LLC Has $2.15 Million Stock Position in Target Co. (NYSE:TGT)

Axxcess Wealth Management LLC increased its position in Target Co. (NYSE:TGT - Free Report) by 229.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,117 shares of the retailer's stock after buying an additional 10,524 shares during the period. Axxcess Wealth Management LLC's holdings in Target were worth $2,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Target by 18.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 56,298 shares of the retailer's stock valued at $6,225,000 after purchasing an additional 8,732 shares during the last quarter. Forsta AP Fonden increased its stake in Target by 0.9% during the third quarter. Forsta AP Fonden now owns 91,700 shares of the retailer's stock worth $10,139,000 after acquiring an additional 800 shares during the last quarter. Mastrapasqua Asset Management Inc. purchased a new position in shares of Target in the 3rd quarter worth about $896,000. JB Capital LLC purchased a new stake in shares of Target during the 3rd quarter worth about $2,056,000. Finally, Verdence Capital Advisors LLC acquired a new stake in Target during the 3rd quarter worth approximately $375,000. Hedge funds and other institutional investors own 79.73% of the company's stock.

Insider Buying and Selling

In other news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the transaction, the insider now owns 30,527 shares of the company's stock, valued at $5,038,481.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Target news, insider Christina Hennington sold 4,600 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the transaction, the insider now directly owns 38,487 shares of the company's stock, valued at approximately $6,576,658.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of the business's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now directly owns 30,527 shares in the company, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Insiders sold 52,600 shares of company stock valued at $8,819,598 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

Target Stock Performance

TGT stock traded down $0.08 during midday trading on Friday, reaching $158.04. The company had a trading volume of 3,802,181 shares, compared to its average volume of 2,973,106. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average price of $166.46 and a 200 day moving average price of $145.19. The firm has a market capitalization of $73.11 billion, a PE ratio of 17.70, a P/E/G ratio of 1.48 and a beta of 1.17. Target Co. has a fifty-two week low of $102.93 and a fifty-two week high of $181.86.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The firm had revenue of $31.47 billion during the quarter, compared to the consensus estimate of $31.83 billion. During the same period in the prior year, the business earned $1.89 EPS. The firm's revenue was up 1.6% on a year-over-year basis. Analysts anticipate that Target Co. will post 9.39 earnings per share for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.78%. Target's dividend payout ratio is presently 49.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TGT shares. Barclays boosted their price objective on shares of Target from $142.00 to $169.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 6th. Wells Fargo & Company boosted their price objective on Target from $165.00 to $190.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 6th. UBS Group reiterated a "buy" rating and issued a $174.00 target price on shares of Target in a research note on Tuesday, March 5th. TheStreet raised Target from a "c+" rating to a "b-" rating in a research report on Monday, March 4th. Finally, Tigress Financial increased their price objective on shares of Target from $180.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, March 27th. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $181.85.

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.