Berkshire Asset Management LLC PA Sells 143 Shares of Target Co. (NYSE:TGT)

Berkshire Asset Management LLC PA decreased its position in shares of Target Co. (NYSE:TGT) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,687 shares of the retailer’s stock after selling 143 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Target were worth $508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in Target during the 3rd quarter worth about $49,000. Impax Asset Management Group plc grew its stake in Target by 8.6% during the third quarter. Impax Asset Management Group plc now owns 241,447 shares of the retailer’s stock worth $37,632,000 after purchasing an additional 19,095 shares during the period. Consolidated Planning Corp bought a new stake in Target in the third quarter worth approximately $207,000. LS Investment Advisors LLC lifted its stake in Target by 1.8% in the third quarter. LS Investment Advisors LLC now owns 15,020 shares of the retailer’s stock valued at $2,341,000 after buying an additional 260 shares during the period. Finally, Hudson Value Partners LLC bought a new position in shares of Target during the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of research reports. Roth Mkm restated a “neutral” rating and issued a $122.00 price target (down from $131.00) on shares of Target in a report on Wednesday. DA Davidson reduced their target price on Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday. Bank of America dropped their price target on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday. TD Cowen decreased their price objective on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Finally, Telsey Advisory Group decreased their price objective on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $147.00.

Target Stock Up 0.9 %

Target stock opened at $115.11 on Friday. The firm has a 50 day moving average price of $132.05 and a 200-day moving average price of $141.51. 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 twelve month low of $112.10 and a twelve month high of $181.86. The company has a market capitalization of $52.74 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, equities analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.89%. The ex-dividend date was Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 50.56%.

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.