Berkshire Asset Management LLC PA Sells 143 Shares of Target Co. (NYSE:TGT)

Berkshire Asset Management LLC PA trimmed its position in Target Co. (NYSE:TGT) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,687 shares of the retailer’s stock after selling 143 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Target were worth $508,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in Target in the third quarter valued at approximately $28,000. MCF Advisors LLC raised its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. raised its stake in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the period. FSA Wealth Management LLC acquired a new stake in Target during the 3rd quarter valued at $36,000. Finally, First Financial Corp IN boosted its position in Target by 330.8% during the fourth 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. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday. Evercore ISI lowered their price target on shares of Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a report on Wednesday. Wells Fargo & Company reduced their price objective on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday. Citigroup lowered their target price on Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Oppenheimer dropped their price target on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Target currently has a consensus rating of “Hold” and an average target price of $147.00.

Target Stock Up 0.9 %

Shares of NYSE:TGT opened at $115.11 on Friday. 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. 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 fifty day moving average of $132.05 and a 200-day moving average of $141.51.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The firm 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.89%. The ex-dividend date was Wednesday, February 12th. Target’s dividend payout ratio (DPR) is currently 50.56%.

About Target

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.