Stratos Wealth Partners LTD. Has $3.91 Million Stake in Target Co. (NYSE:TGT)


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Stratos Wealth Partners LTD. lifted its stake in Target Co. (NYSE:TGT) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,739 shares of the retailer’s stock after buying an additional 1,135 shares during the period. Stratos Wealth Partners LTD.’s holdings in Target were worth $3,910,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Clark Financial Advisors acquired a new stake in Target during the fourth quarter worth about $27,000. Tortoise Investment Management LLC acquired a new stake in Target during the fourth quarter worth about $27,000. IronBridge Private Wealth LLC acquired a new stake in Target during the fourth quarter valued at approximately $28,000. Ellis Investment Partners LLC boosted its holdings in Target by 61.7% during the fourth quarter. Ellis Investment Partners LLC now owns 173 shares of the retailer’s stock valued at $31,000 after purchasing an additional 66 shares in the last quarter. Finally, Insight Financial Services acquired a new stake in Target during the fourth quarter valued at approximately $34,000. 79.17% of the stock is currently owned by institutional investors and hedge funds.

In other news, CAO Robert M. Harrison sold 2,353 shares of the stock in a transaction that occurred on Thursday, April 8th. The shares were sold at an average price of $203.61, for a total value of $479,094.33. Following the transaction, the chief accounting officer now owns 10,395 shares in the company, valued at approximately $2,116,525.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Edward Mcnamara sold 31,423 shares of the stock in a transaction that occurred on Tuesday, April 13th. The stock was sold at an average price of $204.32, for a total transaction of $6,420,347.36. Following the completion of the transaction, the insider now owns 139,768 shares in the company, valued at approximately $28,557,397.76. The disclosure for this sale can be found here. Insiders sold a total of 39,510 shares of company stock worth $8,002,521 over the last ninety days. Insiders own 0.52% of the company’s stock.

TGT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Target from $194.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, January 14th. Robert W. Baird dropped their target price on shares of Target from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, March 9th. Morgan Stanley upped their target price on shares of Target from $180.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 20th. Telsey Advisory Group dropped their target price on shares of Target from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Wednesday, March 3rd. Finally, Jefferies Financial Group decreased their price target on shares of Target from $205.00 to $188.00 and set a “hold” rating for the company in a report on Tuesday, March 9th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $186.35.

Shares of NYSE:TGT opened at $211.28 on Tuesday. The company has a 50 day moving average of $199.83 and a 200 day moving average of $182.75. The stock has a market cap of $105.13 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.64 and a beta of 0.97. Target Co. has a 12 month low of $107.63 and a 12 month high of $212.82. The company has a current ratio of 1.05, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Target (NYSE:TGT) last released its quarterly earnings results on Monday, March 1st. The retailer reported $2.67 EPS for the quarter, topping the Zacks’ consensus estimate of $2.54 by $0.13. The business had revenue of $28 billion during the quarter, compared to analysts’ expectations of $27.42 billion. Target had a net margin of 4.31% and a return on equity of 34.94%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.69 EPS. On average, equities analysts forecast that Target Co. will post 9.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Wednesday, May 19th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, May 18th. This represents a $2.72 annualized dividend and a yield of 1.29%. Target’s dividend payout ratio (DPR) is presently 42.57%.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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