Folger Nolan Fleming Douglas Capital Management Inc. Trims Stock Holdings in Target Co. (NYSE:TGT)

Folger Nolan Fleming Douglas Capital Management Inc. reduced its holdings in shares of Target Co. (NYSE:TGT) by 22.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,085 shares of the retailer’s stock after selling 900 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Target were worth $417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Intech Investment Management LLC increased its position in shares of Target by 33.9% during the second quarter. Intech Investment Management LLC now owns 53,968 shares of the retailer’s stock valued at $7,989,000 after buying an additional 13,678 shares during the period. Ieq Capital LLC lifted its stake in Target by 21.2% in the 2nd quarter. Ieq Capital LLC now owns 42,627 shares of the retailer’s stock worth $6,311,000 after purchasing an additional 7,468 shares in the last quarter. Trust Investment Advisors boosted its holdings in Target by 2.7% in the 2nd quarter. Trust Investment Advisors now owns 7,179 shares of the retailer’s stock valued at $1,063,000 after purchasing an additional 188 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of Target by 56.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 14,228 shares of the retailer’s stock valued at $2,106,000 after purchasing an additional 5,137 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its position in shares of Target by 3.9% in the second quarter. Benjamin Edwards Inc. now owns 3,506 shares of the retailer’s stock worth $519,000 after buying an additional 131 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Trading Up 0.3 %

TGT opened at $133.62 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The stock has a market cap of $61.22 billion, a PE ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. The business has a 50 day moving average of $136.45 and a 200-day moving average of $145.23.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.10 EPS. Equities research analysts predict that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is 47.51%.

Analyst Ratings Changes

TGT has been the topic of several recent analyst reports. HSBC cut 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. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Target in a research report on Friday. Citigroup increased their price target on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday. BMO Capital Markets dropped their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. reduced their target price on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $158.23.

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.