25,132 Shares in Target Co. (NYSE:TGT) Acquired by Mirador Capital Partners LP

Mirador Capital Partners LP bought a new stake in shares of Target Co. (NYSE:TGT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 25,132 shares of the retailer’s stock, valued at approximately $3,397,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its holdings in shares of Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after buying an additional 490 shares during the period. D.A. Davidson & CO. boosted its stake in Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after purchasing an additional 9,510 shares during the period. Prana Capital Management LP boosted its stake in Target by 47.5% in the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after purchasing an additional 69,885 shares during the period. Transamerica Financial Advisors Inc. acquired a new position in Target in the 3rd quarter worth $967,000. Finally, Leibman Financial Services Inc. acquired a new position in Target in the 4th quarter worth $2,272,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America reduced their target price 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. Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. BMO Capital Markets cut their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. Oppenheimer reissued an “outperform” rating and set a $165.00 price target on shares of Target in a research report on Monday, November 25th. Finally, HSBC cut shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $160.57.

Target Price Performance

Shares of NYSE TGT opened at $131.71 on Thursday. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The firm has a fifty day simple moving average of $137.06 and a 200 day simple moving average of $145.39. The company has a market capitalization of $60.35 billion, a PE ratio of 13.97, a P/E/G ratio of 2.32 and a beta of 1.16. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

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

Target Announces Dividend

The business also recently disclosed 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. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.40%. Target’s dividend payout ratio (DPR) is presently 47.51%.

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.