Robinson Value Management Ltd. reduced its stake in shares of Target Co. (NYSE:TGT) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,145 shares of the retailer’s stock after selling 1,017 shares during the quarter. Target comprises about 1.9% of Robinson Value Management Ltd.’s investment portfolio, making the stock its 24th biggest position. Robinson Value Management Ltd.’s holdings in Target were worth $2,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bedell Frazier Investment Counseling LLC bought a new stake in Target during the third quarter worth approximately $219,000. Heritage Trust Co increased its stake in Target by 129.7% during the third quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after acquiring an additional 1,000 shares during the last quarter. SevenBridge Financial Group LLC increased its stake in Target by 2,200.0% during the third quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after acquiring an additional 1,826 shares during the last quarter. Jacobi Capital Management LLC increased its stake in Target by 109.8% during the third quarter. Jacobi Capital Management LLC now owns 2,503 shares of the retailer’s stock worth $141,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Cable Hill Partners LLC increased its stake in Target by 848.8% during the third quarter. Cable Hill Partners LLC now owns 2,666 shares of the retailer’s stock worth $157,000 after acquiring an additional 2,385 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.

Shares of Target Co. (TGT) traded up $1.08 during midday trading on Thursday, hitting $77.90. The company had a trading volume of 7,661,761 shares, compared to its average volume of 9,909,691. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $42,300.00, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 3.95 and a beta of 0.63. Target Co. has a 12-month low of $48.56 and a 12-month high of $77.58.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The firm had revenue of $16.67 billion during the quarter, compared to analyst estimates of $16.61 billion. Target had a return on equity of 24.09% and a net margin of 3.80%. Target’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 earnings per share. equities research analysts anticipate 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 issued a dividend of $0.62 per share. The ex-dividend date is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a yield of 3.18%. Target’s dividend payout ratio is currently 52.10%.

Several equities research analysts have weighed in on TGT shares. Vetr cut Target from a “strong-buy” rating to a “buy” rating and set a $64.00 price objective on the stock. in a research note on Monday, November 20th. Zacks Investment Research lowered Target from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Morgan Stanley dropped their target price on Target from $52.00 to $50.00 and set an “underweight” rating for the company in a research report on Thursday, November 16th. Barclays set a $45.00 target price on Target and gave the company a “sell” rating in a research report on Wednesday, November 15th. Finally, MKM Partners set a $77.00 target price on Target and gave the company a “buy” rating in a research report on Thursday, December 14th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. Target presently has an average rating of “Hold” and a consensus price target of $66.15.

In other Target news, Director Roxanne S. Austin sold 4,705 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is owned by corporate insiders.

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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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