Target Co. (NYSE:TGT) Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC lessened its position in Target Co. (NYSE:TGT) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 122,709 shares of the retailer’s stock after selling 580 shares during the period. Target makes up 1.1% of Quadrant Capital Group LLC’s investment portfolio, making the stock its 15th largest holding. Quadrant Capital Group LLC’s holdings in Target were worth $16,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Target by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 9,885,015 shares of the retailer’s stock worth $1,332,317,000 after acquiring an additional 470,990 shares during the period. Norges Bank acquired a new stake in Target in the fourth quarter valued at $757,892,000. Bank of New York Mellon Corp boosted its position in shares of Target by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock worth $518,089,000 after purchasing an additional 234,409 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Target by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,144,828 shares of the retailer’s stock worth $425,118,000 after purchasing an additional 91,357 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Target in the 4th quarter valued at about $297,122,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Sanford C. Bernstein reissued a “market perform” rating on shares of Target in a report on Wednesday, March 5th. Bank of America decreased their price target on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research note on Wednesday. Roth Mkm reiterated a “neutral” rating and set a $122.00 target price (down from $131.00) on shares of Target in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus lowered their target price on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $140.24.

Target Stock Performance

NYSE:TGT opened at $95.70 on Friday. Target Co. has a fifty-two week low of $90.62 and a fifty-two week high of $173.05. The firm’s 50 day moving average is $119.41 and its two-hundred day moving average is $134.73. The company has a market cap of $43.60 billion, a P/E ratio of 10.15, a P/E/G ratio of 1.94 and a beta of 1.28. 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 (NYSE:TGT) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

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.