Axxcess Wealth Management LLC Sells 944 Shares of Target Co. (NYSE:TGT)

Axxcess Wealth Management LLC reduced its holdings in Target Co. (NYSE:TGT) by 7.2% in the 4th quarter, Holdings Channel reports. The fund owned 12,158 shares of the retailer’s stock after selling 944 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Target were worth $1,644,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Flagship Wealth Advisors LLC bought a new stake in shares of Target in the fourth quarter worth about $274,000. Cibc World Markets Corp boosted its position in shares of Target by 14.6% during the fourth quarter. Cibc World Markets Corp now owns 180,749 shares of the retailer’s stock worth $24,434,000 after buying an additional 23,068 shares during the period. Nicholas Company Inc. boosted its position in shares of 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 during the period. GWN Securities Inc. acquired a new position in shares of Target during the fourth quarter worth about $682,000. Finally, Harbour Investments Inc. boosted its position in shares of Target by 11.4% during the fourth quarter. Harbour Investments Inc. now owns 8,180 shares of the retailer’s stock worth $1,106,000 after buying an additional 835 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Guggenheim upped their price objective on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. KGI Securities set a $132.00 price objective on Target in a research report on Wednesday, March 5th. Roth Capital set a $122.00 price target on Target in a research report on Wednesday, March 5th. Finally, Oppenheimer reduced their price target on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $145.87.

Target Stock Performance

NYSE:TGT opened at $104.81 on Thursday. The stock has a market cap of $47.75 billion, a P/E ratio of 11.11, a PEG ratio of 1.94 and a beta of 1.18. The stock has a 50 day simple moving average of $127.31 and a 200 day simple moving average of $138.71. 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 Co. has a 1-year low of $103.46 and a 1-year high of $181.86.

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

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.27%. Target’s dividend payout ratio 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.