Cozad Asset Management Inc. Sells 1,472 Shares of Target Co. (NYSE:TGT)

Cozad Asset Management Inc. trimmed its position in Target Co. (NYSE:TGT) by 13.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,592 shares of the retailer’s stock after selling 1,472 shares during the period. Cozad Asset Management Inc.’s holdings in Target were worth $1,297,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of Target during the 3rd quarter valued at approximately $28,000. Hopwood Financial Services Inc. bought a new position in shares of Target during the 4th quarter valued at approximately $29,000. FSA Wealth Management LLC bought a new position in shares of Target during the 3rd quarter valued at approximately $36,000. MCF Advisors LLC grew its position in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the period. 79.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TGT has been the subject of a number of research reports. KGI Securities set a $132.00 target price on shares of Target in a research report on Wednesday, March 5th. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. TD Cowen cut their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Roth Capital set a $122.00 price objective on shares of Target in a report on Wednesday, March 5th. Finally, StockNews.com downgraded shares of Target from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $145.87.

Target Price Performance

Shares of NYSE:TGT opened at $105.61 on Tuesday. The stock has a market cap of $48.11 billion, a PE ratio of 11.20, a PEG ratio of 1.94 and a beta of 1.18. The company’s fifty day moving average is $128.68 and its 200 day moving average is $139.29. Target Co. has a 52 week low of $103.46 and a 52 week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its 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 company had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Research analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm 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. This represents a $4.48 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is presently 50.56%.

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.