DMC Group LLC Sells 125 Shares of Target Co. (NYSE:TGT)

DMC Group LLC lowered its holdings in Target Co. (NYSE:TGT) by 5.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,036 shares of the retailer’s stock after selling 125 shares during the period. DMC Group LLC’s holdings in Target were worth $275,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new stake in shares of Target in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC raised its stake in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares during the period. FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter worth approximately $36,000. Catalyst Capital Advisors LLC bought a new stake in shares of Target during the third quarter worth $38,000. Finally, MCF Advisors LLC raised its stake in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TGT. Evercore ISI lowered their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Citigroup boosted their price objective on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Roth Mkm cut their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and lowered their target price for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Target presently has a consensus rating of “Hold” and an average target price of $157.70.

Target Trading Down 0.6 %

TGT opened at $140.28 on Thursday. The company has a market cap of $64.28 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. The company has a fifty day moving average price of $133.80 and a two-hundred day moving average price of $144.64. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period last year, the company posted $2.10 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Analysts predict that Target Co. will post 8.68 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

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.