Cottage Street Advisors LLC Decreases Stake in Target Co. (NYSE:TGT)

Cottage Street Advisors LLC lessened its holdings in shares of Target Co. (NYSE:TGT) by 64.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,721 shares of the retailer’s stock after selling 3,188 shares during the period. Cottage Street Advisors LLC’s holdings in Target were worth $233,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cynosure Group LLC boosted its stake in Target by 4.3% in the 3rd quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after buying an additional 65 shares during the last quarter. Hancock Whitney Corp boosted its position in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after acquiring an additional 68 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after purchasing an additional 73 shares during the period. Summit Financial Wealth Advisors LLC increased its position in Target by 2.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock worth $483,000 after purchasing an additional 76 shares during the last quarter. Finally, Horrell Capital Management Inc. raised its stake in Target by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock worth $3,603,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the topic of several research reports. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Stifel Nicolaus cut their price objective on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a report on Thursday, March 20th. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Telsey Advisory Group decreased their price objective on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $145.55.

Target Stock Down 2.8 %

Target stock opened at $105.37 on Wednesday. The firm’s 50 day moving average price is $124.66 and its two-hundred day moving average price is $137.30. The firm has a market cap of $48.00 billion, a PE ratio of 11.17, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a twelve month low of $101.76 and a twelve month high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. On average, research analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.25%. Target’s dividend payout ratio (DPR) is currently 50.56%.

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.