Target Co. (NYSE:TGT) Stock Holdings Trimmed by Everett Harris & Co. CA

Everett Harris & Co. CA lessened its position in shares of Target Co. (NYSE:TGT) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,060 shares of the retailer’s stock after selling 189 shares during the period. Everett Harris & Co. CA’s holdings in Target were worth $549,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the third quarter worth $28,000. Wolff Wiese Magana LLC raised its stake in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the period. MCF Advisors LLC raised its stake in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. lifted its holdings in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in Target in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 1.9 %

Shares of NYSE TGT opened at $137.82 on Friday. The firm has a market capitalization of $63.15 billion, a PE ratio of 14.61, a PEG ratio of 2.28 and a beta of 1.16. Target Co. has a one year low of $120.21 and a one year 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. The business has a 50-day moving average price of $134.80 and a two-hundred day moving average price of $144.49.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the prior year, the business posted $2.10 earnings per share. Target’s revenue was up .9% on a year-over-year basis. As a group, analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. 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 3.25%. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analyst Weigh In

TGT has been the topic of several analyst reports. HSBC lowered 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. Guggenheim lifted 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. Wells Fargo & Company decreased their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Evercore ISI cut their price target on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Finally, Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $157.70.

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.