One Capital Management LLC Sells 3,798 Shares of Target Co. (NYSE:TGT)

One Capital Management LLC lowered its position in shares of Target Co. (NYSE:TGT) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,537 shares of the retailer’s stock after selling 3,798 shares during the quarter. One Capital Management LLC’s holdings in Target were worth $9,130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Target during the 4th quarter worth approximately $297,122,000. Proficio Capital Partners LLC increased its stake in shares of Target by 74.3% during the 4th quarter. Proficio Capital Partners LLC now owns 4,480 shares of the retailer’s stock worth $606,000 after purchasing an additional 1,910 shares during the last quarter. Live Oak Investment Partners increased its stake in shares of Target by 5,107.7% during the 4th quarter. Live Oak Investment Partners now owns 3,385 shares of the retailer’s stock worth $458,000 after purchasing an additional 3,320 shares during the last quarter. Jag Capital Management LLC boosted its holdings in Target by 0.6% in the 4th quarter. Jag Capital Management LLC now owns 17,552 shares of the retailer’s stock worth $2,373,000 after buying an additional 99 shares during the period. Finally, Mainstream Capital Management LLC bought a new position in Target in the 4th quarter valued at $53,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 0.4 %

Shares of TGT stock opened at $116.70 on Thursday. The stock’s fifty day moving average price is $132.91 and its two-hundred day moving average price is $141.92. The company has a market cap of $53.47 billion, a PE ratio of 12.38, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a fifty-two week low of $112.53 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Equities analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Target’s dividend payout ratio is currently 50.56%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TGT shares. The Goldman Sachs Group decreased their target price on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday. DA Davidson cut their target price on shares of Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday. Citigroup lowered their target price on shares of Target from $133.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Evercore ISI reduced their price target on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $148.23.

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.