Thoroughbred Financial Services LLC Trims Stake in Target Co. (NYSE:TGT)

Thoroughbred Financial Services LLC lessened its holdings in shares of Target Co. (NYSE:TGT) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,660 shares of the retailer’s stock after selling 346 shares during the period. Thoroughbred Financial Services LLC’s holdings in Target were worth $900,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Kathmere Capital Management LLC grew its position in Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after acquiring an additional 73 shares during the last quarter. Horrell Capital Management Inc. increased its stake in Target by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock worth $3,603,000 after buying an additional 76 shares during the period. First PREMIER Bank lifted its holdings in Target by 21.9% during the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock valued at $61,000 after buying an additional 80 shares in the last quarter. Winch Advisory Services LLC boosted its position in Target by 34.5% in the 4th quarter. Winch Advisory Services LLC now owns 320 shares of the retailer’s stock valued at $43,000 after buying an additional 82 shares during the period. Finally, CENTRAL TRUST Co grew its stake in Target by 0.4% in the 4th quarter. CENTRAL TRUST Co now owns 18,593 shares of the retailer’s stock worth $2,513,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 1.5 %

TGT stock opened at $95.70 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm’s fifty day simple moving average is $119.41 and its 200-day simple moving average is $134.73. Target Co. has a 12 month low of $90.62 and a 12 month high of $173.05. The company has a market capitalization of $43.60 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, equities research analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.68%. Target’s dividend payout ratio (DPR) is 50.56%.

Wall Street Analyst Weigh In

TGT has been the subject of several research analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Target in a research note on Wednesday, March 5th. Roth Capital set a $122.00 target price on Target in a report on Wednesday, March 5th. StockNews.com upgraded 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 report on Wednesday, March 5th. Finally, UBS Group reduced their price target on shares of Target from $170.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $140.24.

About Target

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.