Union Savings Bank Has $401,000 Position in Target Co. (NYSE:TGT)

Union Savings Bank lowered its holdings in Target Co. (NYSE:TGT) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,964 shares of the retailer’s stock after selling 189 shares during the quarter. Union Savings Bank’s holdings in Target were worth $401,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of Target in the 3rd quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its stake in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. FSA Wealth Management LLC bought a new stake in Target in the third quarter valued at $36,000. Catalyst Capital Advisors LLC acquired a new position in Target during the third quarter worth $38,000. Finally, Reston Wealth Management LLC bought a new position in shares of Target during the third quarter valued at $41,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 0.3 %

Shares of TGT opened at $133.62 on Monday. The stock’s 50-day moving average price is $136.13 and its two-hundred day moving average price is $145.14. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The company has a market capitalization of $61.22 billion, a PE ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same period in the prior year, the firm earned $2.10 earnings per share. Target’s revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that Target Co. will post 8.6 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TGT shares. Stifel Nicolaus upped their target price on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. BMO Capital Markets decreased their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Bank of America lowered their target price on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Target currently has an average rating of “Hold” and an average target price of $158.23.

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.