Quent Capital LLC Sells 343 Shares of Target Co. (NYSE:TGT)

Quent Capital LLC lessened its holdings in shares of Target Co. (NYSE:TGT) by 10.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,910 shares of the retailer’s stock after selling 343 shares during the period. Quent Capital LLC’s holdings in Target were worth $393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new position in Target during the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC raised its stake in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the last quarter. MCF Advisors LLC lifted its position in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in shares of Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Target in the third quarter valued at approximately $36,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TGT has been the topic of several research reports. JPMorgan Chase & Co. reduced their price objective on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Wells Fargo & Company cut their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Oppenheimer reiterated an “outperform” rating and issued a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and reduced their target price for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $157.70.

Target Stock Up 0.9 %

Shares of TGT stock opened at $132.44 on Wednesday. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average of $135.24 and a 200-day moving average of $143.67. The company has a market capitalization of $60.68 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 2.04 and a beta of 1.15.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company posted $2.10 EPS. As a group, equities research analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

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 paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

About Target

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.