Transcend Capital Advisors LLC Reduces Stake in Target Co. (NYSE:TGT)

Transcend Capital Advisors LLC lessened its holdings in shares of Target Co. (NYSE:TGT) by 14.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,944 shares of the retailer’s stock after selling 1,522 shares during the period. Transcend Capital Advisors LLC’s holdings in Target were worth $1,209,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the 3rd quarter worth approximately $28,000. MCF Advisors LLC grew its position in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Target in the third quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Target in the third quarter valued at $38,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on TGT shares. Guggenheim lifted their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price target on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and issued a $165.00 price objective on shares of Target in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and lowered their target price for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Finally, BMO Capital Markets reduced their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.70.

Target Price Performance

TGT stock opened at $124.40 on Friday. The firm has a 50 day moving average of $134.41 and a 200-day moving average of $142.67. The company has a market cap of $57.00 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.98 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.10 earnings per share. As a group, equities analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Target 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.