Plimoth Trust Co. LLC Has $1.32 Million Stake in Target Co. (NYSE:TGT)

Plimoth Trust Co. LLC decreased its position in shares of Target Co. (NYSE:TGT) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,751 shares of the retailer’s stock after selling 222 shares during the period. Plimoth Trust Co. LLC’s holdings in Target were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TGT. Thrivent Financial for Lutherans grew its stake in shares of Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Target by 8.6% in the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after acquiring an additional 9,510 shares during the last quarter. Prana Capital Management LP boosted its position in shares of Target by 47.5% during the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after purchasing an additional 69,885 shares in the last quarter. Polianta Ltd boosted its position in shares of Target by 39.2% during the fourth quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock worth $1,392,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Leibman Financial Services Inc. acquired a new stake in shares of Target during the fourth quarter worth $2,272,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Sanford C. Bernstein boosted their price objective on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Evercore ISI reduced their target price 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. Finally, Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $157.70.

Target Trading Up 0.4 %

NYSE TGT traded up $0.62 on Wednesday, hitting $141.68. The company’s stock had a trading volume of 197,383 shares, compared to its average volume of 4,985,854. The company has a quick ratio of 0.25, a current ratio of 0.94 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. The company’s 50-day moving average is $133.80 and its 200 day moving average is $144.64. The firm has a market cap of $64.92 billion, a PE ratio of 15.04, a PEG ratio of 2.21 and a beta of 1.16.

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

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders 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 3.16%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 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.