Whalerock Point Partners LLC Sells 350 Shares of Target Co. (NYSE:TGT)

Whalerock Point Partners LLC lowered its stake in shares of Target Co. (NYSE:TGT) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,735 shares of the retailer’s stock after selling 350 shares during the quarter. Whalerock Point Partners LLC’s holdings in Target were worth $3,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TGT. Kathmere Capital Management LLC lifted its stake in shares of Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after purchasing an additional 73 shares during the period. Horrell Capital Management Inc. lifted its position in Target by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock valued at $3,603,000 after buying an additional 76 shares during the period. Fiducient Advisors LLC boosted its holdings in shares of Target by 4.6% during the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer’s stock valued at $240,000 after buying an additional 78 shares in the last quarter. First PREMIER Bank boosted its holdings in shares of Target by 21.9% during the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock valued at $61,000 after buying an additional 80 shares in the last quarter. Finally, Winch Advisory Services LLC grew its position in shares of Target by 34.5% in the 4th quarter. Winch Advisory Services LLC now owns 320 shares of the retailer’s stock worth $43,000 after buying an additional 82 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

Shares of NYSE:TGT opened at $96.71 on Friday. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. 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 has a fifty day moving average price of $105.58 and a 200 day moving average price of $127.75. The firm has a market cap of $44.06 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TGT shares. KGI Securities set a $132.00 price objective on shares of Target in a report on Wednesday, March 5th. Robert W. Baird downgraded Target from an “outperform” rating to a “neutral” rating and set a $110.00 price target on the stock. in a research note on Monday, April 7th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a research note on Wednesday, March 5th. StockNews.com cut Target from a “buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $132.37.

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.