Lakeview Capital Partners LLC lessened its holdings in Target Co. (NYSE:TGT) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,231 shares of the retailer’s stock after selling 539 shares during the quarter. Lakeview Capital Partners LLC’s holdings in Target were worth $214,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Investors Research Corp grew its position in shares of Target by 0.8% during the 4th quarter. Investors Research Corp now owns 17,742 shares of the retailer’s stock worth $1,173,000 after buying an additional 142 shares during the period. Savant Capital LLC grew its position in shares of Target by 4.0% during the 4th quarter. Savant Capital LLC now owns 4,078 shares of the retailer’s stock worth $270,000 after buying an additional 155 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of Target by 6.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,667 shares of the retailer’s stock worth $176,000 after buying an additional 166 shares during the period. Atlas Brown Inc. grew its position in shares of Target by 3.9% during the 4th quarter. Atlas Brown Inc. now owns 4,406 shares of the retailer’s stock worth $291,000 after buying an additional 166 shares during the period. Finally, Legacy Financial Advisors Inc. grew its position in shares of Target by 23.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 938 shares of the retailer’s stock worth $62,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 84.44% of the company’s stock.
Several analysts have recently commented on TGT shares. Cowen raised shares of Target from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a research report on Wednesday, November 7th. Buckingham Research assumed coverage on shares of Target in a research report on Thursday, November 15th. They issued a “buy” rating and a $102.00 price target for the company. KeyCorp assumed coverage on shares of Target in a research report on Friday, November 16th. They issued an “overweight” rating and a $110.00 price target for the company. ValuEngine downgraded shares of Target from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, BMO Capital Markets set a $70.00 price objective on Target and gave the company a “hold” rating in a research note on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $86.92.
Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, November 20th. The retailer reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.02). Target had a return on equity of 25.02% and a net margin of 4.31%. The business had revenue of $17.59 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts forecast that Target Co. will post 5.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 10th. Investors of record on Wednesday, February 20th will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $2.56 annualized dividend and a yield of 3.52%. Target’s dividend payout ratio (DPR) is 54.35%.
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Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
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