Usca Ria LLC Cuts Stock Holdings in Target Co. (NYSE:TGT)

Usca Ria LLC trimmed its stake in shares of Target Co. (NYSE:TGT) by 51.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,524 shares of the retailer’s stock after selling 36,070 shares during the period. Usca Ria LLC’s holdings in Target were worth $4,426,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of TGT. Massachusetts Financial Services Co. MA grew its stake in Target by 58.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,190,753 shares of the retailer’s stock valued at $341,124,000 after acquiring an additional 1,179,072 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Target by 21.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,555,720 shares of the retailer’s stock valued at $307,961,000 after acquiring an additional 630,907 shares in the last quarter. Man Group plc grew its stake in Target by 113.2% during the third quarter. Man Group plc now owns 1,040,719 shares of the retailer’s stock valued at $111,263,000 after acquiring an additional 552,639 shares in the last quarter. Johanson Financial Advisors Inc. grew its stake in Target by 13,471.0% during the fourth quarter. Johanson Financial Advisors Inc. now owns 469,148 shares of the retailer’s stock valued at $3,660,000 after acquiring an additional 465,691 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Target by 4,016.8% during the third quarter. Point72 Asset Management L.P. now owns 320,369 shares of the retailer’s stock valued at $34,251,000 after acquiring an additional 312,587 shares in the last quarter. 76.88% of the stock is owned by institutional investors.

TGT has been the subject of several research analyst reports. Evercore ISI initiated coverage on shares of Target in a research note on Wednesday, November 20th. They set a “hold” rating for the company. Buckingham Research reaffirmed a “buy” rating and set a $145.00 target price (up from $131.00) on shares of Target in a research note on Thursday, November 21st. Cowen reaffirmed a “buy” rating and set a $150.00 target price on shares of Target in a research note on Wednesday, January 15th. Nomura reaffirmed a “buy” rating and set a $136.00 target price on shares of Target in a research note on Sunday, January 19th. Finally, Barclays reaffirmed a “buy” rating and set a $135.00 target price on shares of Target in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Target presently has a consensus rating of “Buy” and a consensus price target of $120.14.

Shares of NYSE:TGT traded down $0.79 on Monday, reaching $113.53. The company’s stock had a trading volume of 11,532 shares, compared to its average volume of 5,651,468. Target Co. has a 52-week low of $69.07 and a 52-week high of $130.24. The company has a market cap of $57.93 billion, a P/E ratio of 18.23, a PEG ratio of 2.39 and a beta of 0.56. The company has a 50-day simple moving average of $124.50 and a 200 day simple moving average of $108.83. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.15 and a current ratio of 0.83.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.17. The firm had revenue of $18.41 billion during the quarter, compared to analysts’ expectations of $18.45 billion. Target had a net margin of 4.18% and a return on equity of 28.22%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 EPS. On average, equities research analysts forecast that Target Co. will post 6.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, February 18th. Target’s dividend payout ratio is presently 48.98%.

In other Target news, insider Stephanie A. Lundquist sold 6,630 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $127.00, for a total transaction of $842,010.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Don H. Liu sold 2,274 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $122.20, for a total transaction of $277,882.80. Following the transaction, the insider now owns 37,616 shares of the company’s stock, valued at $4,596,675.20. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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