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

Tsfg LLC cut its stake in Target Co. (NYSE:TGT) by 26.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 436 shares of the retailer’s stock after selling 156 shares during the quarter. Tsfg LLC’s holdings in Target were worth $77,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TGT. Ables Iannone Moore & Associates Inc. purchased a new position in Target in the 4th quarter worth approximately $28,000. Rakuten Securities Inc. acquired a new stake in Target during the 4th quarter valued at $29,000. Private Wealth Management Group LLC acquired a new position in Target in the 4th quarter worth $29,000. Scarborough Advisors LLC purchased a new position in Target in the 4th quarter valued at about $29,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Target during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TGT. Jefferies Financial Group raised their price objective on Target from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Barclays increased their price target on shares of Target from $142.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. TheStreet upgraded Target from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Deutsche Bank Aktiengesellschaft decreased their target price on Target from $209.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Finally, Citigroup raised Target from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $177.61.

Target Price Performance

Shares of NYSE TGT opened at $148.14 on Friday. The firm has a 50-day moving average of $152.97 and a two-hundred day moving average of $153.10. The company has a market capitalization of $68.54 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.38 and a beta of 1.20. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.02). The company had revenue of $24.14 billion during the quarter, compared to analyst estimates of $24.52 billion. Target had a net margin of 3.87% and a return on equity of 31.91%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 EPS. As a group, analysts expect that Target Co. will post 9.32 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.02%. This is an increase from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio (DPR) is presently 49.38%.

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.