Target Co. (NYSE:TGT) Stock Holdings Decreased by Canopy Partners LLC

Canopy Partners LLC decreased its stake in Target Co. (NYSE:TGT) by 3.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,186 shares of the retailer’s stock after selling 225 shares during the quarter. Canopy Partners LLC’s holdings in Target were worth $836,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TGT. Legacy Investment Solutions LLC bought a new position in Target during the third quarter worth $28,000. Hopwood Financial Services Inc. bought a new position in Target during the fourth quarter worth about $29,000. MCF Advisors LLC boosted its holdings in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Target in the 4th quarter worth approximately $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TGT shares. Roth Capital set a $122.00 price objective on Target in a research note on Wednesday, March 5th. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a report on Wednesday, April 2nd. The Goldman Sachs Group decreased their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Stifel Nicolaus cut their target price on shares of Target from $130.00 to $120.00 and set a “hold” rating for the company in a research note on Thursday, March 20th. Finally, Citigroup decreased their price target on Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $140.24.

Target Stock Up 1.5 %

Shares of NYSE:TGT opened at $95.70 on Monday. 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 Co. has a 52-week low of $90.62 and a 52-week high of $173.05. The business’s 50 day simple moving average is $119.41 and its two-hundred day simple moving average is $134.60. The firm has a market cap of $43.60 billion, a P/E ratio of 10.15, a PEG ratio of 1.94 and a beta of 1.28.

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

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.68%. 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.