Paradigm Asset Management Co. LLC Has $64,000 Stock Holdings in Target Co. (NYSE:TGT)

Paradigm Asset Management Co. LLC reduced its holdings in shares of Target Co. (NYSE:TGT) by 94.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 475 shares of the retailer’s stock after selling 8,900 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Target were worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new position in shares of Target during the third quarter valued at about $28,000. FSA Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter valued at approximately $36,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Target during the 3rd quarter valued at approximately $38,000. MCF Advisors LLC lifted its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TGT shares. Wells Fargo & Company lowered their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a report on Saturday. Oppenheimer reissued an “outperform” rating and set a $165.00 price target on shares of Target in a research report on Monday, November 25th. Citigroup increased their price target on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Finally, BMO Capital Markets dropped their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $157.70.

Target Stock Down 2.9 %

NYSE:TGT opened at $124.40 on Friday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a 50-day moving average of $134.41 and a 200 day moving average of $142.74. The firm has a market cap of $57.00 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. 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) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same period last year, the company earned $2.10 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. As a group, research analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 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.