New Hampshire Trust Has $788,000 Holdings in Target Co. (NYSE:TGT)

New Hampshire Trust lowered its stake in shares of Target Co. (NYSE:TGT) by 4.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,830 shares of the retailer’s stock after selling 302 shares during the period. New Hampshire Trust’s holdings in Target were worth $788,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Target by 9,940.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after acquiring an additional 1,981,458 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares in the last quarter. FMR LLC boosted its holdings in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Target by 711.2% in the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock worth $129,762,000 after purchasing an additional 768,479 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Trading Up 0.3 %

TGT stock opened at $133.62 on Tuesday. The company has a market capitalization of $61.22 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a one year low of $120.21 and a one year high of $181.86. The company’s 50 day moving average price is $136.13 and its two-hundred day moving average price is $145.15.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS 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 business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the business earned $2.10 EPS. Target’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts predict that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TGT. Oppenheimer restated an “outperform” rating and issued a $165.00 target price on shares of Target in a research note on Monday, November 25th. Roth Mkm cut their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 target price on shares of Target in a research report on Friday. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Evercore ISI decreased their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a report on Thursday, November 21st. One 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. Based on data from MarketBeat, Target presently has an average rating of “Hold” and an average price target of $158.23.

Target Company 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.