Foundations Investment Advisors LLC Lowers Stock Holdings in Target Co. (NYSE:TGT)

Foundations Investment Advisors LLC lessened its holdings in shares of Target Co. (NYSE:TGT) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,395 shares of the retailer’s stock after selling 242 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Target were worth $594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its position in Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of 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 buying an additional 9,510 shares in the last quarter. Prana Capital Management LP lifted its holdings in shares of Target by 47.5% in the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after acquiring an additional 69,885 shares during the last quarter. Polianta Ltd grew its position in Target by 39.2% in the fourth quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock worth $1,392,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in Target during the third quarter worth approximately $967,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TGT shares. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a report on Wednesday, November 20th. Stifel Nicolaus boosted their price objective on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Evercore ISI decreased their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price target on shares of Target in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $157.70.

Target Stock Performance

Shares of TGT stock opened at $140.37 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $134.17 and its two-hundred day moving average is $144.61. The company has a market capitalization of $64.32 billion, a P/E ratio of 14.89, a P/E/G ratio of 2.21 and a beta of 1.16. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results 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 company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same period in the prior year, the business posted $2.10 EPS. Target’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts expect that Target Co. will post 8.68 EPS for the current fiscal year.

Target Announces Dividend

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

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.