Target Co. (NYSE:TGT) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP cut its holdings in shares of Target Co. (NYSE:TGT) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,699 shares of the retailer’s stock after selling 1,151 shares during the period. Aigen Investment Management LP’s holdings in Target were worth $770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in Target during the third quarter valued at approximately $28,000. MCF Advisors LLC lifted its stake in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in 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. FSA Wealth Management LLC acquired a new stake in shares of Target during the third quarter valued at approximately $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Target during the third quarter valued at approximately $38,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

NYSE TGT opened at $113.78 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company has a fifty day simple moving average of $132.46 and a 200 day simple moving average of $141.72. The company has a market cap of $52.13 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a 1 year low of $112.53 and a 1 year high of $181.86.

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

Target Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 50.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a report on Wednesday, November 20th. Guggenheim boosted their price target on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Wells Fargo & Company cut their price target on shares of Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday. Evercore ISI cut their price target on shares of Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a report on Wednesday. Finally, Bank of America cut their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $147.00.

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.