Goelzer Investment Management Inc. Has $5.35 Million Stock Holdings in Target Co. (NYSE:TGT)

Goelzer Investment Management Inc. lowered its position in Target Co. (NYSE:TGT) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,599 shares of the retailer’s stock after selling 458 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Target were worth $5,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Gradient Investments LLC grew its holdings in Target by 30.6% during the 4th quarter. Gradient Investments LLC now owns 221,061 shares of the retailer’s stock worth $29,883,000 after acquiring an additional 51,794 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Target by 82.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 226,186 shares of the retailer’s stock worth $30,576,000 after purchasing an additional 102,470 shares during the period. CX Institutional grew its stake in shares of Target by 9.3% in the fourth quarter. CX Institutional now owns 3,994 shares of the retailer’s stock worth $540,000 after purchasing an additional 340 shares during the last quarter. Neumann Capital Management LLC increased its holdings in Target by 3.0% in the fourth quarter. Neumann Capital Management LLC now owns 13,930 shares of the retailer’s stock valued at $1,883,000 after purchasing an additional 400 shares during the period. Finally, Cornerstone Wealth Management LLC raised its position in Target by 16.1% during the 4th quarter. Cornerstone Wealth Management LLC now owns 7,215 shares of the retailer’s stock worth $975,000 after purchasing an additional 1,003 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TGT. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. Guggenheim increased their target price on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday. Stifel Nicolaus raised their price target on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Target in a research note on Monday, November 25th. Finally, Citigroup lifted their target price on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $158.57.

Target Trading Up 0.5 %

Shares of Target stock opened at $137.99 on Friday. The company has a market capitalization of $63.23 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. The stock has a fifty day simple moving average of $134.66 and a 200 day simple moving average of $144.89. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. 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 posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm 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 earned $2.10 EPS. The business’s revenue was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.25%. Target’s dividend payout ratio is currently 47.51%.

Target 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.