Asset Dedication LLC trimmed its holdings in Target Co. (NYSE:TGT - Free Report) by 70.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,732 shares of the retailer's stock after selling 11,414 shares during the period. Asset Dedication LLC's holdings in Target were worth $640,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in TGT. Cynosure Group LLC increased its holdings in shares of Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer's stock valued at $248,000 after acquiring an additional 65 shares during the last quarter. Financial Advocates Investment Management increased its holdings in shares of Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer's stock valued at $894,000 after acquiring an additional 67 shares during the last quarter. Hancock Whitney Corp grew its stake in Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer's stock worth $336,000 after buying an additional 68 shares during the last quarter. Trust Co. of Vermont grew its stake in Target by 0.4% during the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer's stock worth $2,444,000 after buying an additional 69 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC grew its stake in Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer's stock worth $1,063,000 after buying an additional 73 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently commented on TGT shares. Telsey Advisory Group restated an "outperform" rating and set a $150.00 price objective on shares of Target in a research note on Friday, January 17th. Oppenheimer restated an "outperform" rating and set a $165.00 price objective on shares of Target in a research note on Monday, November 25th. Guggenheim upped their price objective on Target from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. BMO Capital Markets reduced their price target on Target from $160.00 to $120.00 and set a "market perform" rating for the company in a research report on Thursday, November 21st. Finally, Wells Fargo & Company reduced their price target on Target from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $157.70.
Get Our Latest Stock Analysis on TGT
Target Stock Up 0.2 %
Shares of NYSE TGT traded up $0.28 during mid-day trading on Thursday, reaching $140.37. 2,791,236 shares of the company traded hands, compared to its average volume of 5,037,845. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market cap of $64.32 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. The company's fifty day moving average is $134.17 and its two-hundred day moving average is $144.61. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.
Target (NYSE:TGT - Get Free Report) last announced its 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 business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the company earned $2.10 EPS. Target's revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect that Target Co. will post 8.68 earnings per share for the current year.
Target Announces Dividend
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 paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.19%. Target's payout ratio is 47.51%.
About Target
(
Free Report)
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.
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