Rational Advisors LLC Lowers Stake in Target Co. (TGT)

Rational Advisors LLC cut its holdings in Target Co. (NYSE:TGT) by 61.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,919 shares of the retailer’s stock after selling 17,300 shares during the quarter. Rational Advisors LLC’s holdings in Target were worth $713,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Carnick & Kubik Group LLC acquired a new stake in shares of Target in the third quarter valued at $554,000. CAPROCK Group Inc. acquired a new stake in shares of Target in the third quarter valued at $832,000. SignalPoint Asset Management LLC acquired a new stake in Target in the third quarter worth about $258,000. Pacer Advisors Inc. increased its position in Target by 6.9% in the third quarter. Pacer Advisors Inc. now owns 37,779 shares of the retailer’s stock worth $2,229,000 after purchasing an additional 2,422 shares during the period. Finally, Principal Financial Group Inc. increased its position in Target by 15.5% in the third quarter. Principal Financial Group Inc. now owns 925,877 shares of the retailer’s stock worth $54,636,000 after purchasing an additional 124,409 shares during the period. Institutional investors own 87.85% of the company’s stock.

Target Co. (NYSE TGT) opened at $73.88 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.27 and a debt-to-equity ratio of 1.01. Target Co. has a 1-year low of $48.56 and a 1-year high of $78.70. The stock has a market capitalization of $39,072.00, a PE ratio of 15.46, a price-to-earnings-growth ratio of 3.40 and a beta of 0.76.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The firm had revenue of $16.67 billion for the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter last year, the business earned $1.04 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts expect that Target Co. will post 4.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Tuesday, February 20th. Target’s dividend payout ratio (DPR) is currently 51.88%.

In other Target news, Director Roxanne S. Austin sold 4,705 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Stephanie A. Lundquist sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total value of $234,240.00. Following the transaction, the insider now owns 16,906 shares in the company, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,262 shares of company stock worth $1,185,484. Company insiders own 0.20% of the company’s stock.

A number of analysts recently commented on the company. Robert W. Baird upgraded Target from a “neutral” rating to an “outperform” rating in a research report on Wednesday. Zacks Investment Research lowered Target from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. ValuEngine upgraded Target from a “hold” rating to a “buy” rating in a research report on Tuesday. Telsey Advisory Group lowered their price objective on Target from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, November 16th. Finally, Barclays set a $45.00 price objective on Target and gave the stock a “sell” rating in a research report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $67.64.

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Target Company Profile

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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