Carlson Capital Management Has $310,000 Stake in Target Co. (NYSE:TGT)

Carlson Capital Management lowered its stake in shares of Target Co. (NYSE:TGT) by 63.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,293 shares of the retailer’s stock after selling 4,008 shares during the period. Carlson Capital Management’s holdings in Target were worth $310,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cynosure Group LLC lifted its stake in Target by 4.3% in 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 during the last quarter. Hancock Whitney Corp lifted its stake in Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after purchasing an additional 68 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after purchasing an additional 73 shares during the last quarter. Cahill Financial Advisors Inc. raised its stake in shares of Target by 1.0% during the third quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer’s stock valued at $1,197,000 after acquiring an additional 76 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC raised its stake in shares of Target by 2.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock valued at $483,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 0.9 %

NYSE:TGT opened at $105.61 on Tuesday. The company’s 50 day moving average price is $128.68 and its 200-day moving average price is $139.29. Target Co. has a 52 week low of $103.46 and a 52 week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market cap of $48.11 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. On average, equities research analysts forecast that Target Co. will post 8.69 earnings per share 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 issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.24%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is currently 50.56%.

Analyst Ratings Changes

TGT has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price objective on shares of Target from $145.00 to $130.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Telsey Advisory Group lowered their price objective on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Bank of America lowered their price objective on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and lowered their price objective for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $145.87.

Target Company 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.