Bradley Foster & Sargent Inc. CT lessened its holdings in shares of Target Co. (NYSE:TGT – Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,645 shares of the retailer’s stock after selling 581 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Target were worth $3,737,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in Target in the third quarter valued at about $28,000. FSA Wealth Management LLC acquired a new position in shares of Target during the third quarter valued at about $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target during the third quarter valued at about $38,000. MCF Advisors LLC raised its position in shares of Target by 175.3% in the 4th 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 last quarter. Finally, Raleigh Capital Management Inc. boosted its stake in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have issued reports on TGT shares. Guggenheim upped their price target on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. BMO Capital Markets cut their target price on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price target on shares of Target in a research report on Friday, January 17th. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. decreased their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus price target of $157.70.
Target Stock Performance
NYSE:TGT opened at $124.40 on Friday. 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 has a market capitalization of $57.00 billion, a PE ratio of 13.19, a P/E/G ratio of 1.98 and a beta of 1.15. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a fifty day moving average of $134.41 and a two-hundred day moving average of $142.67.
Target (NYSE:TGT – Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company earned $2.10 EPS. As a group, research analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.
Target Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.60%. Target’s dividend payout ratio (DPR) is currently 47.51%.
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.
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