Target Co. (NYSE:TGT) Holdings Lowered by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC trimmed its stake in shares of Target Co. (NYSE:TGT) by 33.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,986 shares of the retailer’s stock after selling 4,080 shares during the quarter. Summit Place Financial Advisors LLC’s holdings in Target were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of Target in the 3rd quarter worth approximately $28,000. MCF Advisors LLC raised its holdings in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Target in the 3rd quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Target in the 3rd quarter worth approximately $38,000. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

NYSE:TGT opened at $130.00 on Wednesday. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm’s fifty day simple moving average is $134.86 and its 200 day simple moving average is $142.93. 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 firm has a market capitalization of $59.57 billion, a PE ratio of 13.79, a PEG ratio of 1.94 and a beta of 1.15.

Target (NYSE:TGT) 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the business posted $2.10 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.45%. Target’s payout ratio is presently 47.51%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TGT. 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 restated an “outperform” rating and issued a $150.00 price target on shares of Target in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their price target on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Citigroup upped their price target on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Finally, HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus target price of $157.70.

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.