Skba Capital Management LLC Has $7.39 Million Stake in Target Co. (NYSE:TGT)

Skba Capital Management LLC trimmed its stake in Target Co. (NYSE:TGT) by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,700 shares of the retailer’s stock after selling 2,200 shares during the period. Skba Capital Management LLC’s holdings in Target were worth $7,394,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TGT. Legacy Investment Solutions LLC bought a new stake in shares of Target in the third quarter valued at approximately $28,000. Hopwood Financial Services Inc. bought a new stake in Target in the 4th quarter valued at $29,000. MCF Advisors LLC grew its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in shares of Target during the third quarter valued at about $36,000. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TGT has been the topic of several research reports. KGI Securities set a $132.00 price target on Target in a research note on Wednesday, March 5th. Roth Mkm restated a “neutral” rating and issued a $122.00 target price (down from $131.00) on shares of Target in a research note on Wednesday, March 5th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Oppenheimer dropped their price objective on shares of Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $143.40.

Target Stock Performance

TGT stock opened at $103.63 on Monday. The company has a 50 day moving average price of $122.96 and a 200 day moving average price of $136.39. Target Co. has a fifty-two week low of $101.76 and a fifty-two week high of $181.86. 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 stock has a market capitalization of $47.21 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is 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.