Miramar Capital LLC lessened its position in shares of Target Co. (NYSE:TGT - Free Report) by 44.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,571 shares of the retailer's stock after selling 26,398 shares during the quarter. Miramar Capital LLC's holdings in Target were worth $4,403,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of Target in the 3rd quarter valued at $28,000. MCF Advisors LLC raised its holdings in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. grew its stake in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock valued at $35,000 after acquiring an additional 135 shares during the period. FSA Wealth Management LLC acquired a new position in Target during the 3rd quarter valued at about $36,000. Finally, OFI Invest Asset Management bought a new stake in shares of Target during the fourth quarter valued at about $36,000. 79.73% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Daiwa America downgraded Target from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 26th. TD Cowen decreased their target price on Target from $165.00 to $145.00 and set a "hold" rating for the company in a report on Thursday, November 21st. KGI Securities set a $132.00 price target on shares of Target in a report on Wednesday, March 5th. StockNews.com lowered shares of Target from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Oppenheimer cut their target price on shares of Target from $165.00 to $150.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Target has an average rating of "Hold" and a consensus target price of $145.87.
Read Our Latest Analysis on TGT
Target Stock Down 2.8 %
Shares of Target stock traded down $3.17 during trading hours on Wednesday, reaching $109.60. 3,019,751 shares of the company were exchanged, compared to its average volume of 6,012,007. 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's fifty day moving average is $131.18 and its 200 day moving average is $140.74. The firm has a market cap of $50.22 billion, a PE ratio of 11.60, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a 1 year low of $108.49 and a 1 year high of $181.86.
Target (NYSE:TGT - Get Free Report) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, equities research analysts forecast that Target Co. will post 8.69 earnings per share for the current year.
Target Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.09%. Target's dividend payout ratio (DPR) is currently 50.56%.
Target Profile
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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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