Proffitt & Goodson Inc. Sells 159 Shares of Target Co. (NYSE:TGT)

Proffitt & Goodson Inc. lowered its stake in Target Co. (NYSE:TGT) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,301 shares of the retailer’s stock after selling 159 shares during the quarter. Proffitt & Goodson Inc.’s holdings in Target were worth $446,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Metis Global Partners LLC grew its position in Target by 1.4% in the 4th quarter. Metis Global Partners LLC now owns 19,783 shares of the retailer’s stock valued at $2,674,000 after purchasing an additional 268 shares during the period. Fisher Asset Management LLC grew its position in Target by 33.2% in the 4th quarter. Fisher Asset Management LLC now owns 6,268 shares of the retailer’s stock valued at $847,000 after purchasing an additional 1,561 shares during the period. SVB Wealth LLC acquired a new stake in Target in the 4th quarter valued at $1,118,000. Tower Bridge Advisors grew its position in Target by 10.4% in the 4th quarter. Tower Bridge Advisors now owns 6,322 shares of the retailer’s stock valued at $855,000 after purchasing an additional 598 shares during the period. Finally, Tufton Capital Management grew its position in Target by 0.8% in the 4th quarter. Tufton Capital Management now owns 74,155 shares of the retailer’s stock valued at $10,024,000 after purchasing an additional 622 shares during the period. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TGT shares. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd. Wells Fargo & Company cut their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a report on Monday, November 25th. Citigroup lifted their price objective on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Finally, Roth Mkm cut their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $157.93.

Target Stock Up 1.5 %

TGT stock opened at $124.37 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 company’s 50 day moving average is $133.77 and its 200 day moving average is $142.35. The stock has a market cap of $56.99 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 1-year low of $120.21 and a 1-year high of $181.86.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.60%. 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.