Target Co. (NYSE:TGT) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its holdings in Target Co. (NYSE:TGT - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,877 shares of the retailer's stock after selling 8,328 shares during the quarter. OLD National Bancorp IN's holdings in Target were worth $11,068,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TGT. Thrivent Financial for Lutherans boosted its stake in Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer's stock worth $4,368,000 after purchasing an additional 490 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Target by 8.6% during the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer's stock worth $18,619,000 after buying an additional 9,510 shares during the period. Prana Capital Management LP grew its holdings in shares of Target by 47.5% during the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer's stock valued at $33,834,000 after buying an additional 69,885 shares during the last quarter. Polianta Ltd increased its position in shares of Target by 39.2% in the 4th quarter. Polianta Ltd now owns 10,300 shares of the retailer's stock valued at $1,392,000 after acquiring an additional 2,900 shares during the period. Finally, Leibman Financial Services Inc. purchased a new position in Target in the 4th quarter worth $2,272,000. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Trading Down 2.2 %

Shares of NYSE TGT traded down $3.09 during trading on Monday, hitting $134.83. 4,297,388 shares of the company were exchanged, compared to its average volume of 4,948,671. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a fifty day moving average price of $134.80 and a 200-day moving average price of $144.33. The firm has a market capitalization of $61.78 billion, a PE ratio of 14.31, a P/E/G ratio of 2.24 and a beta of 1.15.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analysts' expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 EPS. As a group, equities research analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.32%. Target's payout ratio is currently 47.51%.

Analyst Upgrades and Downgrades

TGT has been the topic of several research analyst reports. Guggenheim boosted their price target on Target from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. StockNews.com upgraded Target from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lowered shares of Target from a "buy" rating to a "hold" rating and reduced their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Oppenheimer reaffirmed an "outperform" rating and issued a $165.00 price objective on shares of Target in a report on Monday, November 25th. Finally, Sanford C. Bernstein raised their target price on shares of Target from $139.00 to $142.00 and gave the stock a "market perform" rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Target presently has a consensus rating of "Hold" and an average price target 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.