Loeb Partners Corp reduced its position in shares of Target Co. (NYSE:TGT) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,000 shares of the retailer’s stock after selling 4,000 shares during the quarter. Loeb Partners Corp’s holdings in Target were worth $1,174,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TGT. First National Bank of Omaha boosted its stake in shares of Target by 11.7% during the 4th quarter. First National Bank of Omaha now owns 56,569 shares of the retailer’s stock worth $3,691,000 after acquiring an additional 5,939 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Target by 24.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 60,258 shares of the retailer’s stock worth $3,932,000 after acquiring an additional 11,693 shares in the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund boosted its stake in shares of Target by 37.5% during the 4th quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 27,500 shares of the retailer’s stock worth $1,794,000 after acquiring an additional 7,500 shares in the last quarter. Stoneridge Investment Partners LLC boosted its stake in shares of Target by 0.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 204,208 shares of the retailer’s stock worth $13,325,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Columbia Asset Management boosted its stake in shares of Target by 12.7% during the 4th quarter. Columbia Asset Management now owns 36,390 shares of the retailer’s stock worth $2,374,000 after acquiring an additional 4,100 shares in the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Shares of Target Co. (TGT) opened at $71.11 on Friday. The stock has a market capitalization of $39,816.70, a price-to-earnings ratio of 15.26, a PEG ratio of 3.46 and a beta of 0.76. Target Co. has a 1-year low of $48.56 and a 1-year high of $78.70. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. The company had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 earnings per share. sell-side analysts expect that Target Co. will post 4.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 21st will be issued a dividend of $0.62 per share. The ex-dividend date is Tuesday, February 20th. This represents a $2.48 annualized dividend and a dividend yield of 3.49%. Target’s dividend payout ratio is 51.88%.

In related news, insider Stephanie A. Lundquist sold 3,000 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total transaction of $234,240.00. Following the completion of the sale, the insider now directly owns 16,906 shares in the company, valued at $1,320,020.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert M. Harrison sold 8,557 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $76.74, for a total value of $656,664.18. Following the sale, the insider now owns 13,288 shares of the company’s stock, valued at $1,019,721.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,262 shares of company stock valued at $1,185,484. 0.25% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective for the company in a research note on Saturday, January 20th. MKM Partners set a $93.00 price objective on Target and gave the stock a “buy” rating in a research note on Friday, January 12th. Vetr lowered Target from a “hold” rating to a “sell” rating and set a $70.45 price objective for the company. in a research note on Thursday, January 11th. Cowen set a $80.00 price objective on Target and gave the stock a “hold” rating in a research note on Thursday. Finally, Deutsche Bank raised Target from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $57.00 to $70.00 in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $67.64.

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About Target

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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