Target Co. (NYSE:TGT) Shares Sold by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. decreased its stake in Target Co. (NYSE:TGT) by 28.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 400 shares of the retailer’s stock after selling 159 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Target were worth $54,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TGT. Legacy Investment Solutions LLC acquired a new stake in Target during the 3rd quarter worth $28,000. 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 period. Raleigh Capital Management Inc. boosted its stake in Target by 110.7% during the 4th 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. FSA Wealth Management LLC purchased a new position in Target during the 3rd quarter worth $36,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Target during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 2.9 %

Shares of NYSE TGT opened at $124.40 on Friday. The stock has a market cap of $57.00 billion, a PE ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15. The business has a fifty day moving average of $134.41 and a two-hundred day moving average of $142.74. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last announced 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 net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the business posted $2.10 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities research analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. 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 3.60%. Target’s payout ratio is 47.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TGT shares. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Evercore ISI cut their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. Bank of America cut their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Citigroup upped their price objective on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, Stifel Nicolaus increased their price target on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $157.70.

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.