Avidian Wealth Enterprises LLC Has $779,000 Stock Position in Target Co. (NYSE:TGT)

Avidian Wealth Enterprises LLC raised its holdings in Target Co. (NYSE:TGT) by 34.6% during the fourth quarter, HoldingsChannel reports. The firm owned 5,764 shares of the retailer’s stock after acquiring an additional 1,482 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Target were worth $779,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new stake in Target in the third quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its holdings in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the last quarter. MCF Advisors LLC lifted its holdings in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in Target during the 3rd quarter worth approximately $36,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Down 3.7 %

Target stock opened at $127.50 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $58.42 billion, a PE ratio of 13.52, a PEG ratio of 2.04 and a beta of 1.15. The firm’s fifty day moving average is $135.26 and its 200 day moving average is $143.56. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86.

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

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.51%. Target’s dividend payout ratio is 47.51%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TGT shares. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and issued a $165.00 target price on shares of Target in a research report on Monday, November 25th. Stifel Nicolaus boosted their price target on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and dropped their price objective for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $157.70.

Target 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.