Foster & Motley Inc. trimmed its holdings in Target Co. (NYSE:TGT) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,653 shares of the retailer’s stock after selling 3,559 shares during the period. Foster & Motley Inc.’s holdings in Target were worth $2,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fiera Capital Corp boosted its stake in shares of Target by 0.4% during the 2nd quarter. Fiera Capital Corp now owns 4,888 shares of the retailer’s stock worth $256,000 after purchasing an additional 19 shares during the last quarter. WealthTrust Fairport LLC boosted its stake in shares of Target by 1.6% during the 2nd quarter. WealthTrust Fairport LLC now owns 6,051 shares of the retailer’s stock worth $316,000 after purchasing an additional 93 shares during the last quarter. Security National Bank of Sioux City Iowa IA boosted its stake in shares of Target by 0.8% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 13,341 shares of the retailer’s stock worth $698,000 after purchasing an additional 102 shares during the last quarter. Hugh Johnson Advisors LLC boosted its stake in shares of Target by 2.0% during the 2nd quarter. Hugh Johnson Advisors LLC now owns 5,673 shares of the retailer’s stock worth $297,000 after purchasing an additional 109 shares during the last quarter. Finally, Cheviot Value Management LLC boosted its stake in shares of Target by 1.5% during the 2nd quarter. Cheviot Value Management LLC now owns 8,483 shares of the retailer’s stock worth $444,000 after purchasing an additional 126 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Roxanne S. Austin sold 4,705 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $62.61, for a total value of $294,580.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

Shares of Target Co. (NYSE TGT) traded up $0.20 during mid-day trading on Monday, hitting $78.10. 7,808,100 shares of the stock traded hands, compared to its average volume of 9,575,631. The stock has a market cap of $42,520.00, a price-to-earnings ratio of 16.41, a P/E/G ratio of 4.12 and a beta of 0.63. Target Co. has a 1-year low of $48.56 and a 1-year high of $78.17. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.27 and a current ratio of 0.96.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.05. The business had revenue of $16.67 billion for the quarter, compared to analyst estimates of $16.61 billion. Target had a net margin of 3.80% and a return on equity of 24.09%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 EPS. equities analysts expect that Target Co. will post 4.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be issued a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 annualized dividend and a yield of 3.18%. Target’s payout ratio is 52.10%.

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein set a $65.00 price target on shares of Target and gave the stock a “buy” rating in a research note on Thursday, December 14th. Barclays set a $45.00 price target on shares of Target and gave the stock a “sell” rating in a research note on Wednesday, November 15th. MKM Partners set a $77.00 price target on shares of Target and gave the stock a “buy” rating in a research note on Thursday, December 14th. Stifel Nicolaus decreased their price target on shares of Target from $65.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday, November 16th. Finally, Vetr raised shares of Target from a “buy” rating to a “strong-buy” rating and set a $63.69 price target on the stock in a research note on Monday, November 27th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $66.78.

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Target Profile

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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