Target Co. (NYSE:TGT) Shares Sold by Webster Bank N. A.

Webster Bank N. A. decreased its holdings in shares of Target Co. (NYSE:TGT) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,389 shares of the retailer’s stock after selling 116 shares during the quarter. Webster Bank N. A.’s holdings in Target were worth $864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter valued at about $28,000. Wolff Wiese Magana LLC increased its position in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Target in the 3rd quarter valued at approximately $36,000. Catalyst Capital Advisors LLC acquired a new position in shares of Target in the 3rd quarter worth approximately $38,000. Finally, MCF Advisors LLC boosted its position in shares of 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. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.5 %

TGT stock opened at $137.99 on Monday. 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 company’s 50 day simple moving average is $134.37 and its 200-day simple moving average is $144.79. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The firm has a market capitalization of $63.23 billion, a PE ratio of 14.63, a P/E/G ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last released its quarterly earnings results 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the previous year, the business posted $2.10 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts expect that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Announces Dividend

The company 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 $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 3.25%. Target’s dividend payout ratio (DPR) is 47.51%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TGT. Stifel Nicolaus boosted their target price on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Citigroup boosted their price objective on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. TD Cowen dropped their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Finally, Evercore ISI reduced their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $158.57.

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.