Atlas Capital Advisors Inc. Sells 378 Shares of Target Co. (NYSE:TGT)

Atlas Capital Advisors Inc. decreased its stake in shares of Target Co. (NYSE:TGT) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,705 shares of the retailer’s stock after selling 378 shares during the period. Atlas Capital Advisors Inc.’s holdings in Target were worth $366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new stake in shares of Target in the 3rd quarter valued at about $28,000. Hopwood Financial Services Inc. acquired a new stake in Target in the 4th quarter valued at approximately $29,000. MCF Advisors LLC lifted 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 in the last quarter. Raleigh Capital Management Inc. boosted its position in 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 acquiring an additional 135 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Target during the 4th quarter worth approximately $36,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Up 1.5 %

Shares of Target stock opened at $95.70 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. The firm has a 50-day moving average of $119.41 and a 200-day moving average of $134.85. Target Co. has a 52-week low of $90.62 and a 52-week high of $173.05. The stock has a market cap of $43.60 billion, a PE ratio of 10.15, a PEG ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. As a group, sell-side analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.68%. Target’s payout ratio is 50.56%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. DA Davidson cut their price objective on shares of Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. The Goldman Sachs Group cut their price target on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company lowered their target price on Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Sanford C. Bernstein reissued a “market perform” rating on shares of Target in a research report on Wednesday, March 5th. Finally, Roth Capital set a $122.00 price target on Target in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Target has an average rating of “Hold” and a consensus target price of $140.24.

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.