Horan Capital Advisors LLC. Cuts Stake in Target Co. (NYSE:TGT)

Horan Capital Advisors LLC. reduced its stake in shares of Target Co. (NYSE:TGT) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,451 shares of the retailer’s stock after selling 545 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Target were worth $2,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in Target during the 3rd quarter valued at approximately $28,000. FSA Wealth Management LLC purchased a new position in shares of Target in the third quarter valued at $36,000. Catalyst Capital Advisors LLC purchased a new position in shares of Target in the third quarter valued at $38,000. MCF Advisors LLC grew its holdings in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Price Performance

Shares of NYSE:TGT opened at $120.28 on Tuesday. Target Co. has a twelve month low of $119.92 and a twelve month high of $181.86. The company’s 50 day moving average is $133.54 and its 200 day moving average is $142.28. 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 market cap of $55.11 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were given a $1.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.72%. Target’s dividend payout ratio is presently 47.51%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Guggenheim raised their price target on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and lowered their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. StockNews.com downgraded Target from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup raised their price target on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $157.93.

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.