New Hampshire Trust lessened its position in Target Co. (NYSE:TGT – Free Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,830 shares of the retailer’s stock after selling 302 shares during the period. New Hampshire Trust’s holdings in Target were worth $788,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its stake in shares of Target by 1.8% in the third 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 during the last quarter. D.A. Davidson & CO. raised its position in Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after purchasing an additional 9,510 shares during the last quarter. Prana Capital Management LP lifted its holdings in Target by 47.5% in the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after buying an additional 69,885 shares during the period. Leibman Financial Services Inc. bought a new stake in shares of Target in the 4th quarter worth approximately $2,272,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Target in the 3rd quarter worth approximately $967,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.
Target Stock Performance
Shares of TGT opened at $133.62 on Tuesday. The company has a market cap of $61.22 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16. The business’s fifty day simple moving average is $136.13 and its two-hundred day simple moving average is $145.15. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. 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 Announces Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.35%. Target’s payout ratio is 47.51%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Target in a research report on Friday. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a research note on Monday, November 25th. Roth Mkm decreased their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, StockNews.com raised Target from a “hold” rating to a “buy” rating in a research report on Friday. One equities 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 company’s stock. According to MarketBeat, Target currently has a consensus rating of “Hold” and an average target price of $158.23.
Read Our Latest Stock Report on Target
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.
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