New Hampshire Trust Sells 302 Shares of Target Co. (NYSE:TGT)

New Hampshire Trust lessened its position in Target Co. (NYSE:TGTFree 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 (NYSE:TGTGet Free Report) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 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 business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period last year, the business earned $2.10 earnings per share. The company’s quarterly 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 fiscal year.

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

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGTFree Report).

Institutional Ownership by Quarter for Target (NYSE:TGT)

Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.