Avantax Planning Partners Inc. Has $1.60 Million Holdings in Target Co. (NYSE:TGT)

Avantax Planning Partners Inc. boosted its holdings in shares of Target Co. (NYSE:TGT) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,857 shares of the retailer’s stock after buying an additional 201 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Target were worth $1,603,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Target during the third quarter worth approximately $28,000. MCF Advisors LLC increased its position in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. increased its position in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of Target during the third quarter worth approximately $36,000. Finally, OFI Invest Asset Management bought a new stake in shares of Target during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Telsey Advisory Group reduced their price objective on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. UBS Group reduced their price objective on Target from $170.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $145.87.

Target Stock Down 0.8 %

Shares of NYSE:TGT opened at $112.88 on Wednesday. The company has a fifty day moving average of $131.18 and a 200-day moving average of $140.74. The company has a market capitalization of $51.72 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a 52-week low of $111.84 and a 52-week high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, equities analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were issued a $1.12 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.97%. Target’s payout ratio is 50.56%.

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.