Target Co. (NYSE:TGT) Shares Sold by Cambridge Advisors Inc.

Cambridge Advisors Inc. decreased its position in shares of Target Co. (NYSE:TGT) by 8.7% in the fourth quarter, HoldingsChannel reports. The firm owned 3,150 shares of the retailer’s stock after selling 300 shares during the quarter. Cambridge Advisors Inc.’s holdings in Target were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in Target during the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC raised its position in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Target in the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC purchased a new stake in Target in the 3rd quarter worth approximately $38,000. Finally, First Financial Corp IN grew its stake in shares of Target by 330.8% during the 4th quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock worth $38,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of recent analyst reports. Oppenheimer reissued an “outperform” rating and set a $165.00 price target on shares of Target in a report on Monday, November 25th. TD Cowen reduced their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. JPMorgan Chase & Co. dropped their price objective on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Target from a “buy” rating to a “hold” rating and dropped their price target for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $158.23.

Target Stock Performance

Shares of Target stock opened at $133.62 on Friday. The stock has a market capitalization of $61.22 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 2.32 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. The business has a 50-day moving average of $136.13 and a 200 day moving average of $145.14. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 EPS. As a group, sell-side analysts forecast that Target Co. will post 8.6 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is currently 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.