Great Diamond Partners LLC Has $232,000 Stock Holdings in Target Co. (NYSE:TGT)

Great Diamond Partners LLC reduced its position in shares of Target Co. (NYSE:TGT) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,713 shares of the retailer’s stock after selling 142 shares during the period. Great Diamond Partners LLC’s holdings in Target were worth $232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abacus Planning Group Inc. boosted its stake in Target by 6.2% in the third quarter. Abacus Planning Group Inc. now owns 1,874 shares of the retailer’s stock valued at $292,000 after buying an additional 109 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Target by 1.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 28,895 shares of the retailer’s stock worth $4,504,000 after acquiring an additional 419 shares during the last quarter. Czech National Bank lifted its holdings in shares of Target by 6.9% in the third quarter. Czech National Bank now owns 94,277 shares of the retailer’s stock worth $14,694,000 after acquiring an additional 6,119 shares during the last quarter. Curbstone Financial Management Corp boosted its stake in shares of Target by 1.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 11,134 shares of the retailer’s stock valued at $1,735,000 after purchasing an additional 110 shares in the last quarter. Finally, Farmers Trust Co. grew its holdings in shares of Target by 38.1% during the 3rd quarter. Farmers Trust Co. now owns 2,128 shares of the retailer’s stock valued at $332,000 after purchasing an additional 587 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on TGT shares. Evercore ISI cut 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. Guggenheim raised their price objective on Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Target in a report on Monday, November 25th. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $157.70.

Target Stock Performance

Shares of Target stock opened at $137.82 on Friday. The business has a 50-day simple moving average of $134.54 and a 200 day simple moving average of $144.58. The firm has a market capitalization of $63.15 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.28 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share 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 firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period in the previous year, the company earned $2.10 earnings per share. Target’s revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently announced 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 3.25%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is presently 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.