Target Co. (NYSE:TGT) Shares Sold by Copperwynd Financial LLC

Copperwynd Financial LLC lowered its holdings in Target Co. (NYSE:TGT) by 26.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,840 shares of the retailer’s stock after selling 1,359 shares during the quarter. Copperwynd Financial LLC’s holdings in Target were worth $519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp grew its position in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares during the period. Raymond James Financial Inc. acquired a new stake in Target during the fourth quarter valued at $297,122,000. Two Sigma Advisers LP grew its position in Target by 173.2% during the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after buying an additional 1,502,200 shares during the period. FMR LLC grew its position in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares during the period. Finally, Worldquant Millennium Advisors LLC grew its position in Target by 773.1% during the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after buying an additional 737,384 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT opened at $104.71 on Friday. Target Co. has a 1-year low of $103.46 and a 1-year high of $181.86. The stock has a market cap of $47.98 billion, a PE ratio of 11.10, a P/E/G ratio of 1.94 and a beta of 1.18. The firm has a 50-day simple moving average of $129.35 and a two-hundred day simple moving average of $139.88. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share 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 business had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. As a group, analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is presently 50.56%.

Analyst Upgrades and Downgrades

TGT has been the topic of several analyst reports. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Oppenheimer decreased their price objective on shares of Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Telsey Advisory Group decreased their price objective on shares of Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. The Goldman Sachs Group decreased their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, StockNews.com downgraded shares of Target from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $145.87.

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.