Greystone Financial Group LLC Has $7.74 Million Stake in Target Co. (NYSE:TGT)

Greystone Financial Group LLC boosted its holdings in Target Co. (NYSE:TGT) by 43.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,289 shares of the retailer’s stock after purchasing an additional 17,349 shares during the quarter. Greystone Financial Group LLC’s holdings in Target were worth $7,744,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. International Assets Investment Management LLC lifted its position in Target by 9,940.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after acquiring an additional 1,981,458 shares in the last quarter. Dakota Wealth Management raised its stake in shares of Target by 12.1% in the third quarter. Dakota Wealth Management now owns 40,790 shares of the retailer’s stock worth $6,358,000 after purchasing an additional 4,397 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Target by 1.4% in the third quarter. Tectonic Advisors LLC now owns 6,064 shares of the retailer’s stock valued at $945,000 after purchasing an additional 85 shares in the last quarter. West Michigan Advisors LLC boosted its position in shares of Target by 15.5% during the third quarter. West Michigan Advisors LLC now owns 3,233 shares of the retailer’s stock valued at $504,000 after buying an additional 434 shares during the last quarter. Finally, Cross Staff Investments Inc boosted its position in shares of Target by 1.7% during the third quarter. Cross Staff Investments Inc now owns 4,676 shares of the retailer’s stock valued at $729,000 after buying an additional 76 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TGT shares. Wells Fargo & Company dropped their price objective on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. Sanford C. Bernstein boosted their price target on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. Bank of America decreased their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Finally, Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Target presently has a consensus rating of “Hold” and an average target price of $157.70.

Target Stock Down 2.9 %

TGT opened at $124.40 on Friday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a market cap of $57.00 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.15. 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 company has a 50 day moving average of $134.41 and a 200 day moving average of $142.67.

Target (NYSE:TGT) last announced 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter last year, the firm posted $2.10 earnings per share. Target’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is presently 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.