13,735 Shares in Target Co. (NYSE:TGT) Bought by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC acquired a new position in shares of Target Co. (NYSE:TGT) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 13,735 shares of the retailer’s stock, valued at approximately $1,857,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Target during the third quarter worth $28,000. Wolff Wiese Magana LLC raised its holdings in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Target in the third quarter worth $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TGT. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a report on Wednesday, November 20th. Wells Fargo & Company cut their price target on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Oppenheimer reissued an “outperform” rating and issued a $165.00 price target on shares of Target in a report on Monday, November 25th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Evercore ISI lowered their price objective on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $157.70.

Target Trading Down 2.5 %

Shares of NYSE TGT opened at $131.29 on Friday. The stock’s 50 day moving average price is $135.22 and its two-hundred day moving average price is $143.84. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The stock has a market capitalization of $60.16 billion, a P/E ratio of 13.92, a PEG ratio of 2.04 and a beta of 1.15. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) 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 firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

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.