Kistler Tiffany Companies LLC lowered its position in Target Co. (NYSE:TGT) by 9.8% in the fourth quarter, HoldingsChannel reports. The firm owned 8,437 shares of the retailer’s stock after selling 920 shares during the period. Kistler Tiffany Companies LLC’s holdings in Target were worth $1,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TGT. Delta Asset Management LLC TN grew its holdings in shares of Target by 161.0% in the third quarter. Delta Asset Management LLC TN now owns 261 shares of the retailer’s stock valued at $28,000 after purchasing an additional 161 shares during the period. Phocas Financial Corp. purchased a new stake in shares of Target in the second quarter valued at about $33,000. Corbenic Partners LLC purchased a new stake in shares of Target in the fourth quarter valued at about $33,000. KCS Wealth Advisory purchased a new stake in shares of Target in the third quarter valued at about $37,000. Finally, Capital Bank & Trust Co grew its holdings in shares of Target by 309.7% in the second quarter. Capital Bank & Trust Co now owns 635 shares of the retailer’s stock valued at $55,000 after purchasing an additional 480 shares during the period. 76.89% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on TGT. ValuEngine lowered shares of Target from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Cowen upped their price objective on shares of Target from $145.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Barclays reissued a “buy” rating and issued a $135.00 price objective on shares of Target in a report on Friday, November 22nd. Robert W. Baird upped their price objective on shares of Target from $115.00 to $140.00 in a report on Wednesday, November 27th. Finally, Raymond James began coverage on shares of Target in a report on Monday, October 7th. They issued a “strong-buy” rating and a $130.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $117.19.

In other news, insider Don H. Liu sold 2,274 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $122.20, for a total transaction of $277,882.80. Following the sale, the insider now owns 37,616 shares of the company’s stock, valued at $4,596,675.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephanie A. Lundquist sold 6,630 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $127.00, for a total transaction of $842,010.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

TGT stock traded up $1.39 during mid-day trading on Tuesday, hitting $125.26. 3,290,686 shares of the company were exchanged, compared to its average volume of 4,525,532. The company has a quick ratio of 0.15, a current ratio of 0.83 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $63.21 billion, a P/E ratio of 23.24, a PEG ratio of 2.59 and a beta of 0.56. The business has a fifty day simple moving average of $126.36 and a 200-day simple moving average of $107.20. Target Co. has a 12-month low of $67.17 and a 12-month high of $130.24.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.17. The business had revenue of $18.41 billion for the quarter, compared to analysts’ expectations of $18.45 billion. Target had a net margin of 4.18% and a return on equity of 28.22%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. Research analysts predict that Target Co. will post 6.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.66 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.64 annualized dividend and a dividend yield of 2.11%. Target’s dividend payout ratio is presently 48.98%.

Target announced that its Board of Directors has initiated a stock buyback program on Thursday, September 19th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the retailer to buy up to 9.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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