Target Co. (NYSE:TGT) Shares Bought by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. lifted its holdings in shares of Target Co. (NYSE:TGT) by 37.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,166 shares of the retailer’s stock after acquiring an additional 590 shares during the period. SOA Wealth Advisors LLC.’s holdings in Target were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its position in Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after acquiring an additional 2,732,801 shares during the period. FMR LLC raised its stake in shares of Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after purchasing an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC grew its position in Target by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after buying an additional 130,691 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Target by 1.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock valued at $517,620,000 after buying an additional 62,916 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Target by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock worth $475,914,000 after buying an additional 56,695 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

Shares of NYSE TGT opened at $131.29 on Friday. The company has a market capitalization of $60.16 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15. 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 one year low of $120.21 and a one year high of $181.86. The business’s 50-day moving average price is $135.24 and its two-hundred day moving average price is $143.98.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 EPS. Analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TGT shares. Roth Mkm decreased their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and set a $165.00 price target on shares of Target in a research report on Monday, November 25th. Stifel Nicolaus boosted their price objective on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $157.70.

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.