Target Co. (NYSE:TGT) Stock Position Decreased by Texas Yale Capital Corp.

Texas Yale Capital Corp. lowered its stake in Target Co. (NYSE:TGT) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,710 shares of the retailer’s stock after selling 378 shares during the quarter. Texas Yale Capital Corp.’s holdings in Target were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Hopwood Financial Services Inc. acquired a new stake in shares of Target in the fourth quarter worth $29,000. Bernard Wealth Management Corp. acquired a new position in Target in the 4th quarter valued at approximately $30,000. MCF Advisors LLC lifted its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Target in the fourth quarter worth $36,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on TGT. Telsey Advisory Group lowered their target price on Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. Bank of America cut their price objective on shares of Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Roth Capital set a $122.00 price target on shares of Target in a research note on Wednesday, March 5th. StockNews.com downgraded shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $122.00 price target (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $136.03.

Target Stock Performance

Shares of NYSE:TGT opened at $97.42 on Thursday. The business has a fifty day moving average of $114.70 and a 200-day moving average of $132.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a twelve month low of $87.35 and a twelve month high of $173.05. The firm has a market cap of $44.38 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last announced its 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 the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, equities research analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

Target Company 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.