Tsfg LLC Has $77,000 Stock Holdings in Target Co. (NYSE:TGT)

Tsfg LLC cut its holdings in shares of Target Co. (NYSE:TGT) by 26.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 436 shares of the retailer’s stock after selling 156 shares during the period. Tsfg LLC’s holdings in Target were worth $77,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. AMF Tjanstepension AB boosted its position in Target by 234.0% during the 1st quarter. AMF Tjanstepension AB now owns 623,520 shares of the retailer’s stock worth $110,524,000 after buying an additional 436,849 shares during the period. Norwood Financial Corp boosted its position in Target by 15.0% during the 1st quarter. Norwood Financial Corp now owns 765 shares of the retailer’s stock worth $136,000 after buying an additional 100 shares during the period. Pinnacle Bancorp Inc. boosted its position in Target by 4.1% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,851 shares of the retailer’s stock worth $328,000 after buying an additional 73 shares during the period. Register Financial Advisors LLC boosted its position in Target by 2.0% during the 1st quarter. Register Financial Advisors LLC now owns 4,902 shares of the retailer’s stock worth $869,000 after buying an additional 97 shares during the period. Finally, Capital Asset Advisory Services LLC acquired a new position in shares of Target in the 1st quarter worth approximately $525,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Up 1.0 %

Shares of TGT opened at $148.14 on Friday. The business’s 50-day moving average price is $152.97 and its 200-day moving average price is $153.10. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The stock has a market cap of $68.54 billion, a PE ratio of 16.63, a P/E/G ratio of 1.38 and a beta of 1.20. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 22nd. The retailer reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.02). The company had revenue of $24.14 billion for the quarter, compared to the consensus estimate of $24.52 billion. Target had a net margin of 3.87% and a return on equity of 31.91%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 earnings per share. On average, equities analysts forecast that Target Co. will post 9.32 EPS for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.02%. This is a boost from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio is 49.38%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TGT. Wells Fargo & Company boosted their price target on shares of Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. boosted their price target on shares of Target from $125.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. BMO Capital Markets dropped their price target on shares of Target from $170.00 to $155.00 and set a “market perform” rating on the stock in a research report on Thursday, May 23rd. StockNews.com lowered shares of Target from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group boosted their price target on shares of Target from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $177.61.

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.