Target Co. (NYSE:TGT) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of Target Co. (NYSE:TGT) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,953 shares of the retailer’s stock after selling 2,759 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Target were worth $13,241,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TGT. Legacy Investment Solutions LLC purchased a new position in shares of Target during the 3rd quarter worth about $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Target during the 4th quarter worth about $29,000. MCF Advisors LLC lifted its holdings in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. lifted its holdings in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of Target during the 3rd quarter worth about $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Up 0.1 %

Shares of NYSE:TGT opened at $104.29 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 $125.89 and a 200 day simple moving average of $138.13. The firm has a market cap of $47.51 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a 12-month low of $101.76 and a 12-month high of $181.86.

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

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.30%. Target’s payout ratio is 50.56%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Roth Capital set a $122.00 price objective on shares of Target in a report on Wednesday, March 5th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a report on Wednesday, March 5th. 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, March 5th. DA Davidson cut their price target on shares of Target from $153.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, 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 report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and an average price target of $145.55.

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.