KRS Capital Management LLC Sells 143 Shares of Target Co. (NYSE:TGT)

KRS Capital Management LLC decreased its position in shares of Target Co. (NYSE:TGT) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,979 shares of the retailer’s stock after selling 143 shares during the quarter. KRS Capital Management LLC’s holdings in Target were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TGT. State Street Corp raised its position in Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. FMR LLC boosted its holdings in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares during the last quarter. Geode Capital Management LLC raised its holdings in Target by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after purchasing an additional 130,691 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Target by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock worth $647,652,000 after purchasing an additional 279,656 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Target by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after purchasing an additional 62,916 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGT has been the topic of several recent analyst reports. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Wells Fargo & Company decreased their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. TD Cowen dropped their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Evercore ISI decreased their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $158.23.

Target Stock Up 0.3 %

Shares of Target stock traded up $0.37 on Friday, reaching $133.62. The company’s stock had a trading volume of 6,869,705 shares, compared to its average volume of 3,870,967. 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 company has a market capitalization of $61.22 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16. The firm’s fifty day simple moving average is $136.45 and its two-hundred day simple moving average is $145.23.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The company had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the firm posted $2.10 EPS. Equities analysts anticipate that Target Co. will post 8.6 earnings per share for the current year.

Target Announces Dividend

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

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.