Target Co. (NYSE:TGT) Stake Lessened by Compass Capital Management Inc.

Compass Capital Management Inc. lowered its position in shares of Target Co. (NYSE:TGT) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,548 shares of the retailer’s stock after selling 2,556 shares during the period. Target makes up about 0.2% of Compass Capital Management Inc.’s investment portfolio, making the stock its 29th largest position. Compass Capital Management Inc.’s holdings in Target were worth $1,145,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TGT. Randolph Co Inc lifted its stake in Target by 0.9% in the fourth quarter. Randolph Co Inc now owns 196,150 shares of the retailer’s stock valued at $12,799,000 after buying an additional 1,700 shares during the last quarter. Braun Stacey Associates Inc. bought a new stake in shares of Target during the fourth quarter valued at about $534,000. Conning Inc. raised its position in Target by 1.4% in the fourth quarter. Conning Inc. now owns 475,851 shares of the retailer’s stock worth $31,049,000 after acquiring an additional 6,663 shares in the last quarter. IFG Advisory LLC bought a new stake in Target in the fourth quarter worth about $1,069,000. Finally, Northeast Investment Management bought a new stake in Target in the fourth quarter worth about $204,000. 87.85% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on TGT shares. Zacks Investment Research raised Target from a “hold” rating to a “strong-buy” rating and set a $88.00 price target on the stock in a research note on Saturday, January 20th. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 target price on shares of Target in a research note on Wednesday, January 3rd. MKM Partners set a $77.00 target price on Target and gave the company a “buy” rating in a research note on Thursday, December 14th. Morgan Stanley lowered their target price on Target from $52.00 to $50.00 and set an “underweight” rating on the stock in a research note on Thursday, November 16th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 price target (up previously from $65.00) on shares of Target in a research note on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Target currently has a consensus rating of “Hold” and an average target price of $67.64.

Shares of Target Co. (NYSE:TGT) traded up $2.47 during mid-day trading on Wednesday, hitting $76.35. The stock had a trading volume of 4,938,994 shares, compared to its average volume of 7,550,185. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. Target Co. has a 12 month low of $48.56 and a 12 month high of $78.70. The company has a market capitalization of $41,430.00, a PE ratio of 16.01, a PEG ratio of 3.40 and a beta of 0.75.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $16.67 billion for the quarter, compared to analyst estimates of $16.61 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts forecast that Target Co. will post 4.72 earnings per share 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 paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.25%. The ex-dividend date is Tuesday, February 20th. Target’s payout ratio is 52.10%.

In related news, Director Roxanne S. Austin sold 4,705 shares of Target stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total transaction of $294,580.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephanie A. Lundquist sold 3,000 shares of Target stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $78.08, for a total value of $234,240.00. Following the sale, the insider now directly owns 16,906 shares of the company’s stock, valued at $1,320,020.48. The disclosure for this sale can be found here. Insiders sold 16,262 shares of company stock worth $1,185,484 in the last three months. Insiders own 0.20% of the company’s stock.

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Target 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.

Institutional Ownership by Quarter for Target (NYSE:TGT)

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