Core Alternative Capital Lowers Stock Holdings in Target Co. (NYSE:TGT)

Core Alternative Capital trimmed its stake in Target Co. (NYSE:TGT) by 10.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,220 shares of the retailer’s stock after selling 3,640 shares during the period. Core Alternative Capital’s holdings in Target were worth $4,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its position in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares during the period. FMR LLC lifted its position in shares of Target by 11.7% in the 3rd 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 period. Geode Capital Management LLC lifted its position in shares of Target by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after purchasing an additional 130,691 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Target by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after purchasing an additional 62,916 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Target by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock worth $475,914,000 after purchasing an additional 56,695 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Down 0.0 %

Target stock opened at $131.34 on Tuesday. 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 12 month low of $120.21 and a 12 month high of $181.86. The stock’s 50 day simple moving average is $135.22 and its two-hundred day simple moving average is $143.78. The firm has a market cap of $60.18 billion, a PE ratio of 13.93, a P/E/G ratio of 2.04 and a beta of 1.15.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the prior year, the company posted $2.10 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.41%. Target’s dividend payout ratio (DPR) is 47.51%.

Wall Street Analyst Weigh In

Several research firms recently commented on TGT. Stifel Nicolaus boosted their price objective on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Bank of America reduced their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. TD Cowen reduced their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. reduced their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Roth Mkm reduced their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Target presently has a consensus rating of “Hold” and an average price target of $157.70.

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.