Freedom Day Solutions LLC Has $823,000 Stake in Target Co. (NYSE:TGT)

Freedom Day Solutions LLC decreased its stake in shares of Target Co. (NYSE:TGT) by 22.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,087 shares of the retailer’s stock after selling 1,713 shares during the period. Freedom Day Solutions LLC’s holdings in Target were worth $823,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its position in shares of Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after buying an additional 490 shares during the period. Wilmington Savings Fund Society FSB grew its position in Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after purchasing an additional 3,590 shares during the period. Northeast Financial Group Inc. acquired a new stake in Target in the 4th quarter valued at $1,566,000. D.A. Davidson & CO. grew its position in Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after purchasing an additional 9,510 shares during the period. Finally, Prana Capital Management LP grew its position in Target by 47.5% in the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after purchasing an additional 69,885 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research reports. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Roth Mkm reduced their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Sanford C. Bernstein lifted their price target on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, January 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price target on shares of Target in a research report on Friday, January 17th. Finally, Bank of America cut their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Target has an average rating of “Hold” and a consensus price target of $157.70.

Target Trading Up 0.5 %

Shares of Target stock opened at $130.76 on Thursday. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The stock’s 50-day simple moving average is $134.75 and its 200 day simple moving average is $142.84. The stock has a market capitalization of $59.92 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the prior year, the company earned $2.10 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 3.43%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is presently 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.