Azimuth Capital Management LLC lessened its holdings in shares of Target Co. (NYSE:TGT) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 31,907 shares of the retailer’s stock after selling 1,270 shares during the quarter. Azimuth Capital Management LLC’s holdings in Target were worth $5,633,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Clark Financial Advisors purchased a new position in shares of Target during the 4th quarter worth $27,000. Tortoise Investment Management LLC purchased a new position in shares of Target during the 4th quarter worth $27,000. West Financial Advisors LLC purchased a new position in shares of Target during the 4th quarter worth $30,000. Ellis Investment Partners LLC lifted its stake in shares of Target by 61.7% during the 4th quarter. Ellis Investment Partners LLC now owns 173 shares of the retailer’s stock worth $31,000 after purchasing an additional 66 shares during the period. Finally, Fortis Group Advisors LLC purchased a new position in shares of Target during the 3rd quarter worth $32,000. 79.17% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on TGT shares. Stifel Nicolaus reissued a “hold” rating and set a $200.00 price target on shares of Target in a research note on Tuesday, February 16th. Telsey Advisory Group increased their target price on Target from $190.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 14th. Raymond James increased their target price on Target from $180.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 19th. Deutsche Bank Aktiengesellschaft increased their target price on Target from $194.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, January 14th. Finally, Argus raised Target from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Tuesday, November 24th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $165.29.

In other news, insider Stephanie A. Lundquist sold 16,894 shares of the firm’s stock in a transaction dated Thursday, January 14th. The stock was sold at an average price of $198.34, for a total transaction of $3,350,755.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is owned by company insiders.

Shares of Target stock traded down $3.34 during trading hours on Tuesday, hitting $185.65. 104,750 shares of the company’s stock traded hands, compared to its average volume of 3,570,193. The stock has a 50 day simple moving average of $189.95 and a 200-day simple moving average of $167.31. The company has a quick ratio of 0.39, a current ratio of 1.05 and a debt-to-equity ratio of 0.94. The company has a market cap of $92.97 billion, a PE ratio of 25.03, a PEG ratio of 2.64 and a beta of 0.97. Target Co. has a twelve month low of $90.17 and a twelve month high of $199.96.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 17th will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.47%. Target’s dividend payout ratio is presently 42.57%.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings.

See Also: Back-End Load

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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