Umpqua Bank Has $398,000 Position in Target Co. (NYSE:TGT)

Umpqua Bank grew its stake in shares of Target Co. (NYSE:TGT) by 23.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,920 shares of the retailer’s stock after buying an additional 546 shares during the period. Umpqua Bank’s holdings in Target were worth $398,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TGT. Legacy Investment Solutions LLC acquired a new position in shares of Target during the third quarter valued at about $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Target during the fourth quarter valued at about $29,000. MCF Advisors LLC raised its position in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its position in shares of Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Target in the third quarter valued at about $36,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TGT shares. DA Davidson lowered their target price on shares of Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Roth Capital set a $122.00 target price on shares of Target in a research note on Wednesday, March 5th. UBS Group lowered their target price on shares of Target from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Sanford C. Bernstein reissued a “market perform” rating on shares of Target in a research note on Wednesday, March 5th. Finally, StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $145.55.

Target Stock Up 0.1 %

Target stock opened at $104.29 on Friday. The company has a market cap of $47.51 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a 1-year low of $101.76 and a 1-year high of $181.86. The company has a fifty day simple moving average of $125.89 and a 200 day simple moving average of $138.13. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

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

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 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.