Allied Investment Advisors LLC Has $8.24 Million Holdings in Target Co. (NYSE:TGT)

Allied Investment Advisors LLC grew its position in shares of Target Co. (NYSE:TGT) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,948 shares of the retailer’s stock after buying an additional 813 shares during the quarter. Allied Investment Advisors LLC’s holdings in Target were worth $8,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its holdings in Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after buying an additional 3,590 shares in the last quarter. Northeast Financial Group Inc. acquired a new stake in shares of Target in the fourth quarter valued at $1,566,000. D.A. Davidson & CO. raised its holdings in shares of Target by 8.6% in the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after buying an additional 9,510 shares during the last quarter. Finally, Prana Capital Management LP lifted its position in Target by 47.5% during the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after buying an additional 69,885 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 1.7 %

NYSE:TGT opened at $130.00 on Wednesday. The stock has a 50-day simple moving average of $134.86 and a 200 day simple moving average of $142.93. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The company has a market cap of $59.57 billion, a PE ratio of 13.79, a PEG ratio of 2.04 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.10 earnings per share. On average, sell-side analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is currently 47.51%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TGT shares. Wells Fargo & Company dropped their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price target on shares of Target in a research note on Friday, January 17th. Finally, Sanford C. Bernstein lifted their price objective on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $157.70.

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.