Donald L. Hagan LLC Cuts Stock Position in Target Co. (NYSE:TGT)

Donald L. Hagan LLC lessened its stake in Target Co. (NYSE:TGT) by 4.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,858 shares of the retailer’s stock after selling 459 shares during the quarter. Donald L. Hagan LLC’s holdings in Target were worth $1,333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter worth $28,000. Wolff Wiese Magana LLC boosted its stake in Target by 156.5% during 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 last quarter. FSA Wealth Management LLC acquired a new stake in Target during the 3rd quarter worth $36,000. Catalyst Capital Advisors LLC acquired a new stake in Target during the 3rd quarter worth $38,000. Finally, MCF Advisors LLC boosted its stake in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein lifted their target price on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a research note on Monday, November 25th. Bank of America lowered their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 target price on shares of Target in a research note on Friday, January 17th. Finally, StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $157.70.

Target Stock Up 0.2 %

Shares of NYSE:TGT opened at $140.37 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market capitalization of $64.32 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16. The firm’s 50-day moving average is $134.17 and its two-hundred day moving average is $144.61. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) 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 business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter last year, the company earned $2.10 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The company 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. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.19%. Target’s dividend payout ratio (DPR) is currently 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.