Target Co. (NYSE:TGT) Holdings Lowered by 1834 Investment Advisors Co.

1834 Investment Advisors Co. lowered its stake in Target Co. (NYSE:TGT) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,138 shares of the retailer’s stock after selling 2,015 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Target were worth $3,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TGT. Thrivent Financial for Lutherans increased its position in shares of Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares in the last quarter. 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 grew its position in Target by 47.5% during 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 in the last quarter. Polianta Ltd raised its stake in Target by 39.2% during the 4th quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock valued at $1,392,000 after purchasing an additional 2,900 shares during the period. Finally, Leibman Financial Services Inc. purchased a new stake in shares of Target in the fourth quarter valued at $2,272,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TGT shares. Evercore ISI dropped their price target on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price target on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Guggenheim upped their price objective on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $158.57.

Target Price Performance

NYSE:TGT opened at $137.99 on Friday. The company has a fifty day moving average price of $134.37 and a 200 day moving average price of $144.82. The stock has a market cap of $63.23 billion, a P/E ratio of 14.63, a PEG ratio of 2.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $25.87 billion. During the same period last year, the business earned $2.10 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Analysts anticipate that Target Co. will post 8.68 earnings per share for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.25%. Target’s dividend payout ratio is currently 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.