Adell Harriman & Carpenter Inc. Has $372,000 Stake in Target Co. (NYSE:TGT)

Adell Harriman & Carpenter Inc. lessened its holdings in shares of Target Co. (NYSE:TGT) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,750 shares of the retailer’s stock after selling 120 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Target were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new stake in Target during the third quarter worth approximately $28,000. Wolff Wiese Magana LLC increased its holdings in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares during the period. MCF Advisors LLC lifted 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 buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew 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 acquiring an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in Target during the third quarter worth about $36,000. 79.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of research analyst reports. TD Cowen reduced their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Citigroup raised their target price on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Stifel Nicolaus raised their price objective on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $157.70.

Target Price Performance

Target stock opened at $127.86 on Friday. The stock has a market capitalization of $58.58 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.04 and a beta of 1.15. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The stock’s 50 day moving average price is $135.20 and its two-hundred day moving average price is $143.34. 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 quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) 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 the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 EPS. On average, equities analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend 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.