Seven Mile Advisory Has $230,000 Holdings in Target Co. (NYSE:TGT)

Seven Mile Advisory decreased its position in shares of Target Co. (NYSE:TGT) by 6.5% in the fourth quarter, Holdings Channel reports. The fund owned 1,703 shares of the retailer’s stock after selling 119 shares during the period. Seven Mile Advisory’s holdings in Target were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TGT. State Street Corp raised its position in shares of Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Target by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after purchasing an additional 130,691 shares in the last quarter. Norges Bank acquired a new position in Target in the fourth quarter valued at about $757,892,000. Bank of New York Mellon Corp grew its stake in Target by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock worth $518,089,000 after buying an additional 234,409 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Target by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,144,828 shares of the retailer’s stock worth $425,118,000 after buying an additional 91,357 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on TGT. Wells Fargo & Company decreased their price target on Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. The Goldman Sachs Group lowered their target price on Target from $166.00 to $142.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Bank of America lowered their price objective on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, KGI Securities set a $132.00 target price on shares of Target in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and an average target price of $143.40.

Target Trading Down 2.7 %

Shares of NYSE:TGT opened at $103.63 on Monday. The firm has a market cap of $47.21 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a 12 month low of $101.76 and a 12 month high of $181.86. The company’s fifty day simple moving average is $122.96 and its 200 day simple moving average is $136.39. 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 quarterly 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 net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. As a group, research analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

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.