Freestone Capital Holdings LLC Buys 846 Shares of Target Co. (NYSE:TGT)

Freestone Capital Holdings LLC raised its stake in Target Co. (NYSE:TGT) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,337 shares of the retailer’s stock after buying an additional 846 shares during the period. Freestone Capital Holdings LLC’s holdings in Target were worth $5,047,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cynosure Group LLC grew its holdings in shares of Target by 4.3% during the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after purchasing an additional 65 shares during the last quarter. Hancock Whitney Corp boosted its position in Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after buying an additional 68 shares during the period. Eagle Bluffs Wealth Management LLC boosted its position in Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after buying an additional 73 shares during the period. Proffitt & Goodson Inc. boosted its position in Target by 2.2% during the 3rd quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock valued at $539,000 after buying an additional 73 shares during the period. Finally, Kathmere Capital Management LLC boosted its position in Target by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after buying an additional 73 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $116.70 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average price of $132.91 and a 200-day moving average price of $141.92. Target Co. has a 52 week low of $112.53 and a 52 week high of $181.86. The firm has a market capitalization of $53.47 billion, a PE ratio of 12.38, a P/E/G ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. As a group, equities research analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.84%. Target’s dividend payout ratio is 50.56%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Sanford C. Bernstein increased their price target on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, January 28th. Bank of America dropped their target price on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday. Telsey Advisory Group dropped their target price on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday. Evercore ISI dropped their target price on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company dropped their target price on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Target has an average rating of “Hold” and a consensus target price of $148.23.

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.