Kinloch Capital LLC Has $2.25 Million Stake in Target Co. (NYSE:TGT)

Kinloch Capital LLC trimmed its stake in Target Co. (NYSE:TGT) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,628 shares of the retailer’s stock after selling 1,164 shares during the period. Kinloch Capital LLC’s holdings in Target were worth $2,248,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Target by 14.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,798,816 shares of the retailer’s stock worth $513,524,000 after acquiring an additional 477,761 shares during the period. Waverly Advisors LLC lifted its stake in shares of Target by 7.3% in the fourth quarter. Waverly Advisors LLC now owns 32,200 shares of the retailer’s stock worth $4,353,000 after acquiring an additional 2,178 shares during the period. Woodline Partners LP acquired a new position in shares of Target in the fourth quarter worth approximately $3,740,000. Victrix Investment Advisors acquired a new position in shares of Target in the fourth quarter worth approximately $1,808,000. Finally, Vident Advisory LLC lifted its stake in shares of Target by 17.7% in the fourth quarter. Vident Advisory LLC now owns 3,002 shares of the retailer’s stock worth $406,000 after acquiring an additional 452 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Down 0.7%

NYSE TGT opened at $97.89 on Tuesday. The firm has a market capitalization of $44.48 billion, a P/E ratio of 10.38, a PEG ratio of 1.94 and a beta of 1.27. The business has a fifty day simple moving average of $98.05 and a 200 day simple moving average of $121.28. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

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 the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. On average, analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TGT. KGI Securities set a $132.00 price objective on shares of Target in a research report on Wednesday, March 5th. Baird R W cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Mizuho assumed coverage on Target in a research note on Friday, April 11th. They issued a “neutral” rating and a $92.00 price objective on the stock. Finally, Wells Fargo & Company dropped their price objective on Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $127.29.

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.