Target Co. (NYSE:TGT) Position Reduced by Wimmer Associates 1 LLC

Wimmer Associates 1 LLC cut its position in shares of Target Co. (NYSE:TGT) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,823 shares of the retailer’s stock after selling 140 shares during the quarter. Wimmer Associates 1 LLC’s holdings in Target were worth $652,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in Target during the fourth quarter valued at about $30,000. Hopwood Financial Services Inc. acquired a new stake in shares of Target during the fourth quarter worth approximately $29,000. MCF Advisors LLC boosted its holdings in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its holdings in shares of Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC boosted its holdings in shares of Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after purchasing an additional 85 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Up 1.5%

Shares of Target stock opened at $98.56 on Monday. The company’s fifty day simple moving average is $98.24 and its 200-day simple moving average is $121.65. The company has a market cap of $44.78 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 1.94 and a beta of 1.27. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 1 year low of $87.35 and a 1 year high of $167.40.

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

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.55%. Target’s dividend payout ratio is presently 50.56%.

Analyst Ratings Changes

Several research firms recently commented on TGT. Baird R W cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Robert W. Baird cut shares of Target from an “outperform” rating to a “neutral” rating and set a $110.00 price target for the company. in a report on Monday, April 7th. Roth Mkm restated a “neutral” rating and set a $122.00 price target (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Roth Capital set a $122.00 price target on shares of Target in a report on Wednesday, March 5th. Finally, Guggenheim raised their price target on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $128.13.

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.