Target Co. (NYSE:TGT) Shares Sold by Householder Group Estate & Retirement Specialist LLC

Householder Group Estate & Retirement Specialist LLC reduced its stake in Target Co. (NYSE:TGT) by 80.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 694 shares of the retailer’s stock after selling 2,939 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Target were worth $93,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TGT. Intech Investment Management LLC raised its stake in shares of Target by 33.9% in the second quarter. Intech Investment Management LLC now owns 53,968 shares of the retailer’s stock valued at $7,989,000 after acquiring an additional 13,678 shares in the last quarter. Ieq Capital LLC raised its stake in Target by 21.2% in the second quarter. Ieq Capital LLC now owns 42,627 shares of the retailer’s stock valued at $6,311,000 after buying an additional 7,468 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Target by 56.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 14,228 shares of the retailer’s stock valued at $2,106,000 after buying an additional 5,137 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Target by 3.9% in the second quarter. Benjamin Edwards Inc. now owns 3,506 shares of the retailer’s stock valued at $519,000 after buying an additional 131 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Target by 0.4% in the second quarter. Canada Pension Plan Investment Board now owns 980,103 shares of the retailer’s stock valued at $145,094,000 after buying an additional 4,000 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Shares of TGT opened at $133.62 on Friday. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The stock’s 50 day moving average is $136.13 and its two-hundred day moving average is $145.14. The firm has a market capitalization of $61.22 billion, a PE ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company 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 business posted $2.10 earnings per share. Target’s revenue was up .9% on a year-over-year basis. Research analysts anticipate that Target Co. will post 8.6 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.35%. Target’s payout ratio is 47.51%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TGT shares. Wells Fargo & Company cut their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Bank of America cut their price target on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. JPMorgan Chase & Co. cut their target price on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Citigroup lifted their target price on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $158.23.

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.