Householder Group Estate & Retirement Specialist LLC lessened its position in shares of Target Co. (NYSE:TGT - Free Report) by 80.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 694 shares of the retailer's stock after selling 2,939 shares during the quarter. Householder Group Estate & Retirement Specialist LLC's holdings in Target were worth $93,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target in the third quarter worth about $28,000. Wolff Wiese Magana LLC raised its holdings in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer's stock worth $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC acquired a new position in Target in the 3rd quarter worth about $36,000. Catalyst Capital Advisors LLC acquired a new position in Target in the 3rd quarter worth about $38,000. Finally, Reston Wealth Management LLC acquired a new position in Target in the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 79.73% of the company's stock.
A number of research firms recently weighed in on TGT. Melius Research began coverage on Target in a report on Monday, September 23rd. They issued a "buy" rating and a $180.00 price target for the company. Oppenheimer reaffirmed an "outperform" rating and issued a $165.00 price target on shares of Target in a report on Monday, November 25th. StockNews.com raised Target from a "hold" rating to a "buy" rating in a report on Friday. JPMorgan Chase & Co. reduced their target price on Target from $167.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, November 21st. Finally, Hsbc Global Res cut Target from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $158.23.
Get Our Latest Stock Analysis on Target
Shares of Target stock opened at $133.62 on Friday. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock has a 50 day moving average of $136.13 and a 200 day moving average of $145.14. The firm has a market capitalization of $61.22 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. 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 (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to analysts' expectations of $25.87 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. The company's quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts predict that Target Co. will post 8.6 earnings per share for the current year.
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 given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.35%. Target's dividend payout ratio is currently 47.51%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Target, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Target wasn't on the list.
While Target currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.