Sierra Summit Advisors LLC Has $1.94 Million Stock Position in Target Co. (NYSE:TGT)

Sierra Summit Advisors LLC lifted its position in shares of Target Co. (NYSE:TGT) by 29.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,354 shares of the retailer’s stock after purchasing an additional 3,231 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Target were worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Nicholas Company Inc. boosted its stake in Target by 20.5% during the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock worth $7,544,000 after buying an additional 9,485 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of Target by 144.9% during the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock valued at $31,699,000 after acquiring an additional 138,751 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in Target in the fourth quarter valued at about $6,459,000. Wilmington Savings Fund Society FSB raised its position in Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after purchasing an additional 3,590 shares in the last quarter. Finally, Stevens Capital Management LP lifted its stake in Target by 185.4% during the fourth quarter. Stevens Capital Management LP now owns 14,628 shares of the retailer’s stock worth $1,977,000 after purchasing an additional 9,502 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

TGT opened at $95.70 on Monday. The company has a fifty day moving average price of $119.41 and a two-hundred day moving average price of $134.60. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market capitalization of $43.60 billion, a PE ratio of 10.15, a P/E/G ratio of 1.94 and a beta of 1.28. Target Co. has a 52 week low of $90.62 and a 52 week high of $173.05.

Target (NYSE:TGT) last released 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 return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. As a group, analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is 50.56%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TGT shares. KGI Securities set a $132.00 target price on Target in a report on Wednesday, March 5th. DA Davidson dropped their price objective on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Citigroup reduced their target price on shares of Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Guggenheim lifted their price target on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $140.24.

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.