Summit Place Financial Advisors LLC lessened its holdings in Target Co. (NYSE:TGT - Free Report) by 33.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,986 shares of the retailer's stock after selling 4,080 shares during the period. Summit Place Financial Advisors LLC's holdings in Target were worth $1,080,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in shares of Target in the 3rd quarter valued at $28,000. MCF Advisors LLC increased its stake in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after buying an additional 163 shares during the period. Raleigh Capital Management Inc. increased its stake in Target by 110.7% during the 4th 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 period. FSA Wealth Management LLC purchased a new stake in Target during the 3rd quarter worth $36,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Target during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 79.73% of the company's stock.
Several equities research analysts recently issued reports on TGT shares. Stifel Nicolaus lifted their price target on shares of Target from $137.00 to $145.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. BMO Capital Markets dropped their price target on shares of Target from $160.00 to $120.00 and set a "market perform" rating on the stock in a research note on Thursday, November 21st. StockNews.com downgraded shares of Target from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Gordon Haskett downgraded shares of Target from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, TD Cowen dropped their price target on shares of Target from $165.00 to $145.00 and set a "hold" rating on the stock in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $157.70.
Get Our Latest Research Report on Target
Target stock opened at $130.00 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $134.86 and a two-hundred day moving average price of $142.93. The firm has a market capitalization of $59.57 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 1.94 and a beta of 1.15. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86.
Target (NYSE:TGT - Get Free Report) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 earnings per share. Sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current year.
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 dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Wednesday, February 12th. Target's payout ratio is 47.51%.
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.
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