Target Co. (NYSE:TGT) Holdings Trimmed by IHT Wealth Management LLC

IHT Wealth Management LLC decreased its position in Target Co. (NYSE:TGT - Free Report) by 21.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,267 shares of the retailer's stock after selling 4,112 shares during the quarter. IHT Wealth Management LLC's holdings in Target were worth $2,064,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Invst LLC increased its holdings in Target by 2.4% during the 3rd quarter. Invst LLC now owns 11,760 shares of the retailer's stock worth $1,833,000 after purchasing an additional 276 shares during the last quarter. Westside Investment Management Inc. raised its holdings in Target by 5.6% in the third quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer's stock valued at $257,000 after acquiring an additional 90 shares in the last quarter. World Investment Advisors LLC boosted its stake in Target by 142.5% during the 3rd quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer's stock valued at $1,026,000 after acquiring an additional 3,870 shares during the last quarter. Arvest Bank Trust Division acquired a new position in Target during the 3rd quarter worth $1,684,000. Finally, Wilmington Savings Fund Society FSB increased its position in shares of Target by 331.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 14,387 shares of the retailer's stock worth $2,242,000 after purchasing an additional 11,054 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

Target Price Performance

Shares of TGT traded up $1.40 during mid-day trading on Friday, hitting $96.71. The company's stock had a trading volume of 5,270,945 shares, compared to its average volume of 5,689,859. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The stock has a market capitalization of $44.06 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 1.94 and a beta of 1.28. The firm has a 50-day moving average price of $106.25 and a 200 day moving average price of $128.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion for 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%. On average, research analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.63%. Target's dividend payout ratio is currently 50.56%.

Analyst Ratings Changes

A number of equities analysts recently commented on TGT shares. Cfra Research downgraded Target from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 17th. Gordon Haskett downgraded Target from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Evercore ISI dropped their price target on Target from $130.00 to $120.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Jefferies Financial Group decreased their price objective on shares of Target from $165.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, Mizuho began coverage on shares of Target in a report on Friday, April 11th. They set a "neutral" rating and a $92.00 target price on the stock. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $132.37.

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.