Atlas Capital Advisors Inc. Sells 378 Shares of Target Co. (NYSE:TGT)

Atlas Capital Advisors Inc. cut its holdings in shares of Target Co. (NYSE:TGT) by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,705 shares of the retailer’s stock after selling 378 shares during the period. Atlas Capital Advisors Inc.’s holdings in Target were worth $366,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TGT. Nicholas Company Inc. boosted its stake in Target by 20.5% in the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock valued at $7,544,000 after buying an additional 9,485 shares in the last quarter. River Road Asset Management LLC boosted its stake in shares of Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock valued at $31,699,000 after purchasing an additional 138,751 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in shares of Target during the 4th quarter valued at approximately $6,459,000. Wilmington Savings Fund Society FSB increased its position in Target by 25.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after purchasing an additional 3,590 shares in the last quarter. Finally, Stevens Capital Management LP lifted its stake in Target by 185.4% in the 4th quarter. Stevens Capital Management LP now owns 14,628 shares of the retailer’s stock valued at $1,977,000 after purchasing an additional 9,502 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $95.70 on Friday. The firm has a 50 day moving average of $119.41 and a 200-day moving average of $134.85. The company has a market cap of $43.60 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. 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 $90.62 and a 52 week high of $173.05.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. On average, equities analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is currently 50.56%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TGT. Bank of America lowered their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Jefferies Financial Group dropped their target price on Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Roth Capital set a $122.00 price target on Target in a research note on Wednesday, March 5th. UBS Group lowered their price objective on Target from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus cut their target price on shares of Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and an average price target of $140.24.

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.