Shilanski & Associates Inc. Sells 504 Shares of Target Co. (NYSE:TGT)

Shilanski & Associates Inc. reduced its stake in Target Co. (NYSE:TGT) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,149 shares of the retailer’s stock after selling 504 shares during the quarter. Shilanski & Associates Inc.’s holdings in Target were worth $2,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TGT. State Street Corp increased its stake in shares of Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC raised its stake in Target by 9,940.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after purchasing an additional 1,981,458 shares during the period. Two Sigma Advisers LP lifted its holdings in Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after purchasing an additional 1,502,200 shares in the last quarter. FMR LLC boosted its stake in Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the period. Finally, AQR Capital Management LLC grew its stake in Target by 711.2% during the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock valued at $129,762,000 after acquiring an additional 768,479 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of research reports. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Roth Mkm decreased their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Telsey Advisory Group restated an “outperform” rating and set a $150.00 price objective on shares of Target in a research report on Friday, January 17th. Finally, StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $158.57.

Target Price Performance

NYSE TGT opened at $137.24 on Friday. The firm’s fifty day simple moving average is $134.98 and its two-hundred day simple moving average is $144.94. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The firm has a market capitalization of $62.89 billion, a P/E ratio of 14.55, a P/E/G ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the firm posted $2.10 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts forecast that Target Co. will post 8.68 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.26%. Target’s payout ratio is currently 47.51%.

Target Company 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.