Hudson Edge Investment Partners Inc. Has $54,000 Stock Position in Target Co. (NYSE:TGT)

Hudson Edge Investment Partners Inc. trimmed its position in Target Co. (NYSE:TGT) by 28.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 400 shares of the retailer’s stock after selling 159 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Target were worth $54,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in Target during the third quarter worth about $28,000. MCF Advisors LLC boosted its holdings 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 buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the last quarter. FSA Wealth Management LLC bought a new position in Target during the third quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in Target during the third quarter worth about $38,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Down 2.9 %

NYSE:TGT opened at $124.40 on Friday. The firm has a market capitalization of $57.00 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The stock’s 50 day moving average price is $134.41 and its two-hundred day moving average price is $142.74. 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 posted its earnings results 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 business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 earnings per share. Equities research analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is presently 47.51%.

Analyst Ratings Changes

TGT has been the topic of a number of recent analyst reports. Guggenheim raised their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 price objective on shares of Target in a report on Friday, January 17th. Evercore ISI cut their price objective on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. Finally, Truist Financial lifted their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $157.70.

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.