Sather Financial Group Inc Sells 312 Shares of Target Co. (NYSE:TGT)

Sather Financial Group Inc trimmed its stake in Target Co. (NYSE:TGT) by 15.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,704 shares of the retailer’s stock after selling 312 shares during the period. Sather Financial Group Inc’s holdings in Target were worth $230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC raised its holdings 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 buying an additional 133 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter worth approximately $36,000. Catalyst Capital Advisors LLC purchased a new position in Target during the 3rd quarter valued at $38,000. Finally, MCF Advisors LLC grew its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT stock opened at $132.44 on Wednesday. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market capitalization of $60.68 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.04 and a beta of 1.15. The stock’s 50-day simple moving average is $135.24 and its 200-day simple moving average is $143.67.

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

Target Announces Dividend

The company also recently declared 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 of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.38%. Target’s dividend payout ratio is currently 47.51%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TGT shares. Stifel Nicolaus lifted their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Roth Mkm decreased their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price target on shares of Target in a research note on Monday, November 25th. Finally, Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $157.70.

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.