Alhambra Investment Management LLC Has $395,000 Stock Holdings in Target Co. (NYSE:TGT)

Alhambra Investment Management LLC lowered its position in Target Co. (NYSE:TGT) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,920 shares of the retailer’s stock after selling 163 shares during the quarter. Alhambra Investment Management LLC’s holdings in Target were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in shares of Target during the third quarter valued at $28,000. Wolff Wiese Magana LLC raised its position 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 position in Target during the 3rd quarter worth about $36,000. Catalyst Capital Advisors LLC bought a new stake in shares of Target in the 3rd quarter valued at about $38,000. Finally, First Financial Corp IN increased its stake in shares of Target by 330.8% in the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock valued at $38,000 after buying an additional 215 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of a number of recent analyst reports. Bank of America cut their price objective on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Melius Research began coverage on shares of Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 target price for the company. Sanford C. Bernstein assumed coverage on shares of Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target on the stock. BMO Capital Markets lowered their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Finally, Wells Fargo & Company cut their target price on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus target price of $158.23.

Target Price Performance

Shares of NYSE TGT opened at $133.62 on Friday. The firm has a market cap of $61.22 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. The stock has a fifty day simple moving average of $136.45 and a two-hundred day simple moving average of $145.23. 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 $120.21 and a 1-year high of $181.86.

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 firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $2.10 EPS. Analysts anticipate that Target Co. will post 8.6 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.35%. Target’s payout ratio is 47.51%.

About Target

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.