HM Payson & Co. Has $1.26 Million Holdings in Target Co. (NYSE:TGT)

HM Payson & Co. lessened its holdings in shares of Target Co. (NYSE:TGT) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,349 shares of the retailer’s stock after selling 118 shares during the quarter. HM Payson & Co.’s holdings in Target were worth $1,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of Target in the third quarter valued at approximately $28,000. FSA Wealth Management LLC acquired a new position in shares of Target in the third quarter valued at approximately $36,000. MCF Advisors LLC grew its position in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew its position in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Finally, First Financial Corp IN grew its position in shares of Target by 330.8% in the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock valued at $38,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the topic of several research reports. StockNews.com downgraded Target from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Roth Mkm reiterated a “neutral” rating and issued a $122.00 price target (down from $131.00) on shares of Target in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and cut their price target for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. Telsey Advisory Group cut their price target on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $147.00.

Target Stock Up 0.9 %

Shares of NYSE:TGT opened at $115.11 on Friday. The company has a fifty day moving average of $132.05 and a 200-day moving average of $141.49. The company has a market capitalization of $52.74 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. 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 Co. has a 52-week low of $112.10 and a 52-week high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, 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. Investors of record on Wednesday, February 12th were issued a $1.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.89%. Target’s payout ratio is 50.56%.

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.