Visionary Horizons LLC Cuts Stake in Target Co. (NYSE:TGT)

Visionary Horizons LLC lessened its stake in Target Co. (NYSE:TGT) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,670 shares of the retailer’s stock after selling 250 shares during the quarter. Visionary Horizons LLC’s holdings in Target were worth $766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGT. Legacy Investment Solutions LLC purchased a new position in shares of Target during the third quarter valued at about $28,000. Wolff Wiese Magana LLC boosted its stake in Target by 156.5% during the third 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 last quarter. MCF Advisors LLC boosted its stake in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Target in the 3rd quarter worth approximately $36,000. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TGT shares. Wells Fargo & Company reduced their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Oppenheimer restated an “outperform” rating and set a $165.00 target price on shares of Target in a research report on Monday, November 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price target on shares of Target in a research report on Friday, January 17th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Evercore ISI lowered their price objective on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $157.70.

Target Trading Down 2.5 %

Shares of NYSE:TGT opened at $131.29 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 company has a market capitalization of $60.16 billion, a PE ratio of 13.92, a P/E/G ratio of 2.04 and a beta of 1.15. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The business’s fifty day simple moving average is $135.22 and its 200-day simple moving average is $143.84.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates 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%. During the same quarter in the prior year, the firm posted $2.10 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities research analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

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 paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.41%. Target’s dividend payout ratio (DPR) is 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.