Evergreen Capital Management LLC Has $1.46 Million Stake in Target Co. (NYSE:TGT)

Evergreen Capital Management LLC lowered its stake in Target Co. (NYSE:TGT) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,796 shares of the retailer’s stock after selling 1,056 shares during the quarter. Evergreen Capital Management LLC’s holdings in Target were worth $1,459,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new position in shares of Target during the fourth quarter worth $29,000. Bernard Wealth Management Corp. acquired a new position in Target in the 4th quarter worth about $30,000. MCF Advisors LLC increased its holdings in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. raised its position in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Finally, Legacy Investment Solutions LLC boosted its stake in shares of Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after purchasing an additional 85 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TGT shares. Oppenheimer cut their target price on shares of Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company reduced their price objective on shares of Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Evercore ISI lowered their target price on Target from $130.00 to $120.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Mizuho assumed coverage on Target in a research report on Friday, April 11th. They issued a “neutral” rating and a $92.00 price target on the stock. Finally, Stifel Nicolaus lowered their price objective on Target from $130.00 to $120.00 and set a “hold” rating for the company in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Target presently has a consensus rating of “Hold” and an average price target of $132.37.

Target Stock Performance

Shares of TGT stock opened at $93.13 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm has a fifty day simple moving average of $109.77 and a two-hundred day simple moving average of $130.28. Target Co. has a 12 month low of $87.35 and a 12 month high of $169.09. The firm has a market capitalization of $42.43 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last posted its 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. The company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.81%. Target’s payout ratio is 50.56%.

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.