Target Co. (NYSE:TGT) Shares Sold by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC lowered its stake in Target Co. (NYSE:TGT) by 49.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,802 shares of the retailer’s stock after selling 1,792 shares during the period. Schrum Private Wealth Management LLC’s holdings in Target were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after acquiring an additional 2,732,801 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Target in the 4th quarter valued at about $297,122,000. Two Sigma Advisers LP boosted its stake in shares of Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after buying an additional 1,502,200 shares during the last quarter. FMR LLC raised its position in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Target by 773.1% in the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after acquiring an additional 737,384 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Target stock opened at $116.70 on Thursday. The stock has a fifty day moving average price of $132.91 and a two-hundred day moving average price of $141.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a 52-week low of $112.53 and a 52-week high of $181.86. The firm has a market capitalization of $53.47 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Target’s dividend payout ratio is currently 50.56%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TGT. Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and cut their price objective for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. The Goldman Sachs Group lowered their price target on Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday. Gordon Haskett cut shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Citigroup dropped their price objective on shares of Target from $133.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $148.23.

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.