Texas Yale Capital Corp. Sells 378 Shares of Target Co. (NYSE:TGT)

Texas Yale Capital Corp. trimmed its holdings in shares of Target Co. (NYSE:TGT) by 6.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,710 shares of the retailer’s stock after selling 378 shares during the quarter. Texas Yale Capital Corp.’s holdings in Target were worth $772,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Martingale Asset Management L P increased its holdings in Target by 62.1% during the 4th quarter. Martingale Asset Management L P now owns 21,926 shares of the retailer’s stock worth $2,964,000 after purchasing an additional 8,403 shares in the last quarter. APG Asset Management N.V. raised its position in Target by 239.5% in the 4th quarter. APG Asset Management N.V. now owns 357,593 shares of the retailer’s stock valued at $46,682,000 after buying an additional 252,266 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in Target in the 4th quarter valued at approximately $30,000. FIL Ltd boosted its position in Target by 13.9% during the 4th quarter. FIL Ltd now owns 26,239 shares of the retailer’s stock worth $3,547,000 after acquiring an additional 3,198 shares during the last quarter. Finally, Rathbones Group PLC grew its stake in shares of Target by 8.2% during the 4th quarter. Rathbones Group PLC now owns 3,615 shares of the retailer’s stock worth $489,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 9.8 %

Shares of TGT stock opened at $97.42 on Thursday. The stock has a market capitalization of $44.38 billion, a P/E ratio of 10.33, a P/E/G ratio of 1.94 and a beta of 1.28. 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’s 50 day moving average is $114.70 and its 200 day moving average is $132.73. Target Co. has a 12-month low of $87.35 and a 12-month high of $173.05.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Research analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TGT shares. Wells Fargo & Company reduced their target price on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Sanford C. Bernstein restated a “market perform” rating on shares of Target in a report on Wednesday, March 5th. Bank of America reduced their price target on Target from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. StockNews.com lowered Target from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Roth Mkm reissued a “neutral” rating and issued a $122.00 target price (down from $131.00) on shares of Target in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $136.03.

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.