Asio Capital LLC Has $2.35 Million Stock Position in Target Co. (NYSE:TGT)

Asio Capital LLC reduced its position in Target Co. (NYSE:TGT) by 37.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,407 shares of the retailer’s stock after selling 10,350 shares during the period. Asio Capital LLC’s holdings in Target were worth $2,353,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Archford Capital Strategies LLC lifted its position in shares of Target by 4.1% in the fourth quarter. Archford Capital Strategies LLC now owns 4,078 shares of the retailer’s stock worth $551,000 after buying an additional 162 shares during the last quarter. Precedent Wealth Partners LLC raised its stake in shares of Target by 264.0% in the 4th quarter. Precedent Wealth Partners LLC now owns 8,004 shares of the retailer’s stock valued at $1,082,000 after acquiring an additional 5,805 shares in the last quarter. Olstein Capital Management L.P. lifted its holdings in Target by 48.0% in the 4th quarter. Olstein Capital Management L.P. now owns 74,000 shares of the retailer’s stock worth $10,003,000 after purchasing an additional 24,000 shares during the last quarter. Patton Albertson Miller Group LLC boosted its position in Target by 0.9% during the fourth quarter. Patton Albertson Miller Group LLC now owns 46,559 shares of the retailer’s stock worth $6,294,000 after purchasing an additional 404 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. grew its holdings in Target by 2.4% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 10,994 shares of the retailer’s stock valued at $1,526,000 after purchasing an additional 258 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of TGT stock opened at $137.99 on Friday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The stock has a market capitalization of $63.23 billion, a P/E 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 firm’s 50 day moving average is $134.37 and its 200 day moving average is $144.82.

Target (NYSE:TGT) last posted 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 net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the previous year, the firm earned $2.10 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Target Co. will post 8.68 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. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TGT shares. Bank of America cut their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Telsey Advisory Group reissued an “outperform” rating and set a $150.00 price objective on shares of Target in a research report on Friday, January 17th. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. cut their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, Citigroup raised their price objective on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $158.57.

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.