L.M. Kohn & Company Has $366,000 Holdings in Target Co. (NYSE:TGT)

L.M. Kohn & Company cut its position in Target Co. (NYSE:TGT) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,346 shares of the retailer’s stock after selling 134 shares during the period. L.M. Kohn & Company’s holdings in Target were worth $366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Target by 6.8% during the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after purchasing an additional 279,656 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Target by 11.4% during the second quarter. Victory Capital Management Inc. now owns 4,316,738 shares of the retailer’s stock worth $639,050,000 after purchasing an additional 440,307 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Target by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after buying an additional 62,916 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Target by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,114,400 shares of the retailer’s stock worth $461,031,000 after buying an additional 435,229 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TGT. Guggenheim dropped their price target on shares of Target from $180.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Bank of America dropped their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Citigroup downgraded shares of Target from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $188.00 to $130.00 in a research note on Wednesday, November 20th. Melius Research started coverage on shares of Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 price target for the company. Finally, Evercore ISI cut their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. One 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. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average price target of $160.30.

Insider Activity at Target

In related news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the completion of the sale, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by company insiders.

Target Stock Performance

NYSE TGT opened at $132.31 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 market cap of $60.95 billion, a PE ratio of 14.03, a PEG ratio of 2.13 and a beta of 1.24. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm’s fifty day moving average price is $148.86 and its two-hundred day moving average price is $148.51.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the company posted $2.10 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. On average, equities analysts expect that Target Co. will post 8.6 EPS for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 3.39%. Target’s payout ratio is 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.