Bank Hapoalim BM Cuts Stock Position in Target Co. (NYSE:TGT)

Bank Hapoalim BM trimmed its holdings in Target Co. (NYSE:TGT) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,860 shares of the retailer’s stock after selling 100 shares during the period. Bank Hapoalim BM’s holdings in Target were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Czech National Bank lifted its holdings in shares of Target by 6.9% in the third quarter. Czech National Bank now owns 94,277 shares of the retailer’s stock worth $14,694,000 after buying an additional 6,119 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Target by 21.2% in the third quarter. GAMMA Investing LLC now owns 10,097 shares of the retailer’s stock worth $1,574,000 after buying an additional 1,769 shares in the last quarter. Chapin Davis Inc. lifted its holdings in shares of Target by 2.3% in the third quarter. Chapin Davis Inc. now owns 5,165 shares of the retailer’s stock worth $805,000 after buying an additional 115 shares in the last quarter. Exeter Financial LLC lifted its holdings in shares of Target by 2.9% in the third quarter. Exeter Financial LLC now owns 30,061 shares of the retailer’s stock worth $4,685,000 after buying an additional 861 shares in the last quarter. Finally, Alpha Cubed Investments LLC purchased a new position in shares of Target in the third quarter worth $207,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price target on shares of Target in a research note on Friday, January 17th. Finally, HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $157.70.

Target Trading Up 1.1 %

NYSE TGT opened at $135.57 on Wednesday. The company’s 50-day moving average price is $134.87 and its 200-day moving average price is $144.21. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market cap of $62.12 billion, a PE ratio of 14.38, a PEG ratio of 2.24 and a beta of 1.15. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the company posted $2.10 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

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.