1834 Investment Advisors Co. Has $3.13 Million Stock Position in Target Co. (NYSE:TGT)

1834 Investment Advisors Co. lessened its stake in shares of Target Co. (NYSE:TGT) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,138 shares of the retailer’s stock after selling 2,015 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Target were worth $3,128,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC lifted its holdings 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 last quarter. Two Sigma Advisers LP boosted its position in Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after buying an additional 1,502,200 shares in the last quarter. FMR LLC increased its holdings in shares of Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC raised its stake in shares of Target by 773.1% in the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after acquiring an additional 737,384 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Telsey Advisory Group restated an “outperform” rating and set a $150.00 price target on shares of Target in a research report on Friday, January 17th. TD Cowen lowered their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Sanford C. Bernstein began coverage on shares of Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price target on the stock. BMO Capital Markets lowered their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Finally, Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $158.57.

Target Stock Up 0.5 %

NYSE:TGT opened at $137.99 on Friday. The stock has a market cap of $63.23 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 2.21 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $134.37 and a two-hundred day moving average price of $144.82. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the company posted $2.10 earnings per share. Target’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts expect that Target Co. will post 8.68 earnings per share for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Wednesday, February 12th. Target’s 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.