Target Co. (NYSE:TGT) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. trimmed its position in shares of Target Co. (NYSE:TGT - Free Report) by 24.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,259 shares of the retailer's stock after selling 6,758 shares during the period. Lee Danner & Bass Inc.'s holdings in Target were worth $2,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer's stock valued at $4,368,000 after purchasing an additional 490 shares during the last quarter. Nicholas Company Inc. raised its position in shares of Target by 20.5% during the 4th quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer's stock valued at $7,544,000 after buying an additional 9,485 shares in the last quarter. River Road Asset Management LLC lifted its holdings in shares of Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer's stock valued at $31,699,000 after acquiring an additional 138,751 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock worth $2,430,000 after acquiring an additional 3,590 shares in the last quarter. Finally, Northeast Financial Group Inc. bought a new stake in Target during the fourth quarter worth approximately $1,566,000. 79.73% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

TGT has been the subject of a number of recent research reports. Sanford C. Bernstein reiterated a "market perform" rating on shares of Target in a report on Wednesday, March 5th. KGI Securities set a $132.00 price objective on shares of Target in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on shares of Target from $146.00 to $140.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Daiwa Capital Markets cut shares of Target from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, Roth Capital set a $122.00 price objective on shares of Target in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $145.55.

Target Stock Down 2.8 %

NYSE:TGT traded down $2.98 during midday trading on Tuesday, reaching $105.37. 6,832,860 shares of the stock traded hands, compared to its average volume of 4,953,566. The stock has a market capitalization of $48.00 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a 12-month low of $101.76 and a 12-month high of $181.86. 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 business has a 50-day moving average of $125.28 and a two-hundred day moving average of $137.62.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. On average, equities analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.25%. Target's payout ratio is 50.56%.

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.