U.S. Capital Wealth Advisors LLC Has $10.06 Million Holdings in Target Co. (NYSE:TGT)

U.S. Capital Wealth Advisors LLC boosted its holdings in Target Co. (NYSE:TGT) by 278.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,635 shares of the retailer’s stock after acquiring an additional 51,961 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Target were worth $10,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of TGT. Vanguard Group Inc. raised its holdings in Target by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 44,527,706 shares of the retailer’s stock valued at $4,923,428,000 after acquiring an additional 702,565 shares during the period. FMR LLC increased its stake in shares of Target by 26.5% during the third quarter. FMR LLC now owns 6,762,227 shares of the retailer’s stock worth $747,699,000 after purchasing an additional 1,415,900 shares during the period. Northern Trust Corp lifted its holdings in Target by 2.7% during the 3rd quarter. Northern Trust Corp now owns 5,146,067 shares of the retailer’s stock worth $569,001,000 after purchasing an additional 134,262 shares during the last quarter. Stifel Financial Corp boosted its stake in Target by 8.8% in the 3rd quarter. Stifel Financial Corp now owns 3,569,969 shares of the retailer’s stock valued at $394,739,000 after purchasing an additional 287,748 shares during the period. Finally, Invesco Ltd. increased its position in Target by 3.8% during the 3rd quarter. Invesco Ltd. now owns 3,469,168 shares of the retailer’s stock worth $383,586,000 after buying an additional 127,491 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 0.1 %

Shares of NYSE TGT traded down $0.08 during 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. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. 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 market cap of $73.11 billion, a P/E ratio of 17.70, a PEG ratio of 1.48 and a beta of 1.17. The company’s fifty day moving average price is $166.46 and its 200-day moving average price is $144.72.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, beating the consensus estimate of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The business had revenue of $31.47 billion for the quarter, compared to analysts’ expectations of $31.83 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, research analysts expect that Target Co. will post 9.39 earnings per share for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio is presently 49.27%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TGT shares. Stifel Nicolaus upped their price target on shares of Target from $153.00 to $177.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. DA Davidson increased their target price on shares of Target from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group lifted their price target on shares of Target from $176.00 to $194.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Barclays increased their price target on Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Target from $125.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Target has an average rating of “Moderate Buy” and an average target price of $181.85.

Insider Activity at Target

In other Target news, insider Christina Hennington sold 4,600 shares of the stock in a transaction dated 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 sale, the insider now directly owns 38,487 shares in the company, valued at approximately $6,576,658.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $167.52, for a total transaction of $7,538,400.00. Following the transaction, the insider now owns 346,919 shares in the company, valued at approximately $58,115,870.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christina Hennington sold 4,600 shares of the firm’s 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 sale, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock worth $8,819,598 over the last quarter. Company insiders own 0.23% of the company’s stock.

Target Company 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.