Target Co. (NYSE:TGT) Shares Sold by Donald L. Hagan LLC

Donald L. Hagan LLC lowered its position in shares of Target Co. (NYSE:TGT) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,858 shares of the retailer’s stock after selling 459 shares during the period. Donald L. Hagan LLC’s holdings in Target were worth $1,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cynosure Group LLC increased its position in shares of Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares in the last quarter. Financial Advocates Investment Management increased its position in Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after acquiring an additional 67 shares during the period. Hancock Whitney Corp increased its position in Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after acquiring an additional 68 shares during the period. Trust Co. of Vermont increased its position in Target by 0.4% in the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after acquiring an additional 69 shares during the period. Finally, Eagle Bluffs Wealth Management LLC increased its position in Target by 1.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TGT. Wells Fargo & Company dropped their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research report on Wednesday, November 20th. Evercore ISI dropped their target price on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. Guggenheim boosted their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Stifel Nicolaus boosted their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus target price of $157.70.

Target Price Performance

TGT stock opened at $140.37 on Friday. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm has a market cap of $64.32 billion, a P/E ratio of 14.89, a PEG ratio of 2.28 and a beta of 1.16. The stock’s 50 day moving average price is $134.17 and its 200 day moving average price is $144.61. 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 issued its quarterly 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 return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the prior year, the company earned $2.10 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

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.