Abel Hall LLC Sells 81 Shares of Target Co. (NYSE:TGT)

Abel Hall LLC lessened its holdings in shares of Target Co. (NYSE:TGT) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,909 shares of the retailer’s stock after selling 81 shares during the quarter. Abel Hall LLC’s holdings in Target were worth $258,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC bought a new position in Target during the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its holdings in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares in the last quarter. MCF Advisors LLC boosted its position 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 acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Target in the third quarter worth $36,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Down 0.6 %

Target stock opened at $140.28 on Thursday. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The business has a fifty day moving average of $133.80 and a two-hundred day moving average of $144.64. The firm has a market cap of $64.28 billion, a P/E ratio of 14.88, a P/E/G ratio of 2.21 and a beta of 1.16. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued 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). The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.10 EPS. On average, analysts forecast that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.19%. Target’s payout ratio is 47.51%.

Analysts Set New Price Targets

Several equities analysts have commented on TGT shares. Guggenheim increased their price objective on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Wells Fargo & Company reduced their price objective on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Stifel Nicolaus raised their price objective on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Citigroup boosted their target price on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $157.70.

Target Company 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.