Target Co. (NYSE:TGT) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC cut its stake in Target Co. (NYSE:TGT) by 49.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 429 shares of the retailer’s stock after selling 428 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Target were worth $58,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TGT. Legacy Investment Solutions LLC acquired a new position in Target in the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC lifted its holdings in Target by 156.5% in 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 period. FSA Wealth Management LLC acquired a new position in Target in the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC acquired a new position in Target in the third quarter valued at approximately $38,000. Finally, First Financial Corp IN raised its stake in shares of Target by 330.8% during the 4th quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock worth $38,000 after buying an additional 215 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TGT shares. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a research note on Monday, November 25th. Finally, Stifel Nicolaus upped their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus price target of $158.57.

Target Stock Down 1.2 %

Shares of NYSE:TGT opened at $135.74 on Thursday. The business has a 50-day moving average price of $135.37 and a 200 day moving average price of $145.01. 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 company has a market capitalization of $62.20 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 2.17 and a beta of 1.16. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86.

Target (NYSE:TGT) last released its 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). The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.10 earnings per share. Sell-side analysts expect that Target Co. will post 8.68 EPS for the current year.

Target Dividend Announcement

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 given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.30%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is currently 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.