DT Investment Partners LLC Sells 358 Shares of Target Co. (NYSE:TGT)

DT Investment Partners LLC lessened its holdings in Target Co. (NYSE:TGT) by 39.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 553 shares of the retailer’s stock after selling 358 shares during the period. DT Investment Partners LLC’s holdings in Target were worth $75,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TGT. Creative Planning grew its position in Target by 10.3% in the third quarter. Creative Planning now owns 218,600 shares of the retailer’s stock valued at $32,247,000 after acquiring an additional 20,360 shares during the last quarter. Sumitomo Life Insurance Co. grew its holdings in shares of Target by 2.8% during the third quarter. Sumitomo Life Insurance Co. now owns 8,417 shares of the retailer’s stock worth $1,312,000 after purchasing an additional 226 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Target by 12.8% during the third quarter. Vontobel Holding Ltd. now owns 34,210 shares of the retailer’s stock worth $5,332,000 after purchasing an additional 3,875 shares during the last quarter. Transform Wealth LLC grew its holdings in shares of Target by 9.8% during the third quarter. Transform Wealth LLC now owns 2,598 shares of the retailer’s stock worth $405,000 after purchasing an additional 232 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its holdings in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and reduced their price target for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Citigroup upped their target price on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $157.70.

Target Price Performance

Shares of NYSE:TGT opened at $128.72 on Friday. 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 twelve month low of $120.21 and a twelve month high of $181.86. The stock’s 50 day moving average is $135.20 and its 200-day moving average is $143.44. The firm has a market capitalization of $58.98 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 2.04 and a beta of 1.15.

Target (NYSE:TGT) last announced its quarterly 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the company posted $2.10 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.48%. Target’s dividend payout ratio (DPR) is currently 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.