Crestwood Advisors Group LLC Acquires 446 Shares of Target Co. (NYSE:TGT)

Crestwood Advisors Group LLC lifted its holdings in shares of Target Co. (NYSE:TGT) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,713 shares of the retailer’s stock after purchasing an additional 446 shares during the period. Crestwood Advisors Group LLC’s holdings in Target were worth $1,583,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. IFP Advisors Inc grew its stake in shares of Target by 20.7% during the fourth quarter. IFP Advisors Inc now owns 4,702 shares of the retailer’s stock valued at $636,000 after buying an additional 805 shares during the last quarter. Rowlandmiller & PARTNERS.ADV boosted its holdings in Target by 2.4% during the 4th quarter. Rowlandmiller & PARTNERS.ADV now owns 12,116 shares of the retailer’s stock valued at $1,638,000 after acquiring an additional 287 shares during the period. Shariaportfolio Inc. boosted its holdings in Target by 29.5% during the 4th quarter. Shariaportfolio Inc. now owns 14,037 shares of the retailer’s stock valued at $1,898,000 after acquiring an additional 3,195 shares during the period. South Dakota Investment Council grew its position in Target by 42.8% during the 4th quarter. South Dakota Investment Council now owns 166,921 shares of the retailer’s stock worth $22,564,000 after acquiring an additional 50,011 shares during the last quarter. Finally, MONECO Advisors LLC increased its stake in Target by 8.1% in the 4th quarter. MONECO Advisors LLC now owns 2,536 shares of the retailer’s stock worth $343,000 after purchasing an additional 189 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TGT. JPMorgan Chase & Co. dropped their price objective on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Citigroup boosted their price objective on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. TD Cowen dropped their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Finally, Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. One equities 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $157.70.

Target Stock Up 1.5 %

Shares of NYSE:TGT opened at $126.11 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $134.28 and a two-hundred day simple moving average of $142.75. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The stock has a market capitalization of $57.79 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

About Target

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.