Newman Dignan & Sheerar Inc. Lowers Holdings in Target Co. (NYSE:TGT)

Newman Dignan & Sheerar Inc. trimmed its position in Target Co. (NYSE:TGT) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,528 shares of the retailer’s stock after selling 136 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Target were worth $342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in Target in the 3rd quarter valued at $28,000. MCF Advisors LLC boosted its position in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its position in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter worth $36,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Target during the 3rd quarter worth $38,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Trading Down 0.6 %

NYSE TGT opened at $127.86 on Friday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a 50-day moving average of $135.11 and a 200-day moving average of $143.21. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market cap of $58.58 billion, a P/E ratio of 13.56, a P/E/G ratio of 2.04 and a beta of 1.15.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $25.87 billion. During the same period in the prior year, the company earned $2.10 EPS. The company’s revenue was up .9% compared to the same quarter last year. As a group, equities analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

Wall Street Analysts Forecast Growth

TGT has been the topic of several research analyst reports. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. Wells Fargo & Company decreased their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Evercore ISI decreased their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. Stifel Nicolaus lifted their price target on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $157.70.

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.