One Capital Management LLC Sells 3,798 Shares of Target Co. (NYSE:TGT)

One Capital Management LLC lowered its position in Target Co. (NYSE:TGT) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,537 shares of the retailer’s stock after selling 3,798 shares during the quarter. One Capital Management LLC’s holdings in Target were worth $9,130,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of Target in the third quarter worth $28,000. FSA Wealth Management LLC bought a new position in shares of Target in the third quarter worth $36,000. Catalyst Capital Advisors LLC bought a new position in shares of Target in the third quarter worth $38,000. MCF Advisors LLC increased its stake in Target by 175.3% in the fourth 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. Finally, Raleigh Capital Management Inc. increased its stake in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Down 0.4 %

Shares of TGT stock opened at $116.70 on Thursday. The stock has a market cap of $53.47 billion, a P/E ratio of 12.38, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a 52 week low of $112.53 and a 52 week 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 company’s fifty day simple moving average is $132.91 and its two-hundred day simple moving average is $141.92.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were paid a $1.12 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.84%. Target’s dividend payout ratio (DPR) is 50.56%.

Analysts Set New Price Targets

A number of research firms recently commented on TGT. StockNews.com cut Target from a “buy” rating to a “hold” rating in a research note on Monday. Telsey Advisory Group reduced their target price on Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday. Evercore ISI cut their price target on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research report on Wednesday. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and cut their price target for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. Finally, Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $148.23.

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.