Target Co. (NYSE:TGT) Shares Sold by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC reduced its position in shares of Target Co. (NYSE:TGT) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,335 shares of the retailer’s stock after selling 304 shares during the period. Fidelis Capital Partners LLC’s holdings in Target were worth $716,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TGT. Thrivent Financial for Lutherans boosted its position in Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Target by 25.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after purchasing an additional 3,590 shares during the last quarter. Northeast Financial Group Inc. purchased a new stake in shares of Target in the fourth quarter valued at $1,566,000. D.A. Davidson & CO. increased its stake in Target by 8.6% in the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after purchasing an additional 9,510 shares during the last quarter. Finally, LMG Wealth Partners LLC purchased a new position in Target during the fourth quarter worth about $1,438,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on TGT shares. Telsey Advisory Group restated an “outperform” rating and issued a $150.00 price target on shares of Target in a report on Friday, January 17th. Wells Fargo & Company lowered their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and cut their price target for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. Citigroup boosted their price objective on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Finally, Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $157.93.

Target Trading Down 3.2 %

Shares of TGT opened at $120.28 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a one year low of $119.92 and a one year high of $181.86. The stock has a 50-day moving average price of $133.54 and a 200 day moving average price of $142.28. The company has a market capitalization of $55.11 billion, a P/E ratio of 12.76, a P/E/G ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

Target Company 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.