Signaturefd LLC Has $1.32 Million Stock Holdings in Target Co. (NYSE:TGT)

Signaturefd LLC trimmed its position in shares of Target Co. (NYSE:TGT) by 16.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,768 shares of the retailer’s stock after selling 1,928 shares during the period. Signaturefd LLC’s holdings in Target were worth $1,320,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of Target in the third quarter worth approximately $28,000. Hopwood Financial Services Inc. acquired a new position in shares of Target in the fourth quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new position in shares of Target in the third quarter worth approximately $36,000. MCF Advisors LLC lifted its stake in shares of Target by 175.3% in the fourth 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. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Target by 110.7% in the fourth 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. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Down 1.1 %

Shares of Target stock opened at $104.55 on Wednesday. The stock has a fifty day simple moving average of $127.98 and a 200 day simple moving average of $138.95. Target Co. has a 12-month low of $103.46 and a 12-month high of $181.86. The company has a market capitalization of $47.63 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

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 the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. On average, sell-side analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.29%. Target’s dividend payout ratio is currently 50.56%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TGT shares. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Piper Sandler cut their price objective on Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. UBS Group lowered their target price on Target from $170.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. The Goldman Sachs Group lowered their target price on Target from $166.00 to $142.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Oppenheimer lowered their target price on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $145.87.

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.