Lido Advisors LLC Lowers Stock Position in Target Co. (NYSE:TGT)

Lido Advisors LLC cut its stake in shares of Target Co. (NYSE:TGT - Free Report) by 42.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 206,689 shares of the retailer's stock after selling 151,449 shares during the period. Lido Advisors LLC's holdings in Target were worth $27,940,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Nicholas Company Inc. raised its stake in Target by 20.5% in the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer's stock valued at $7,544,000 after buying an additional 9,485 shares during the period. River Road Asset Management LLC raised its stake in Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer's stock valued at $31,699,000 after acquiring an additional 138,751 shares during the period. Sierra Summit Advisors LLC lifted its holdings in Target by 29.0% during the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer's stock valued at $1,940,000 after purchasing an additional 3,231 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new position in Target during the fourth quarter worth $6,459,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock valued at $2,430,000 after purchasing an additional 3,590 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

Target stock traded down $0.80 during midday trading on Thursday, hitting $95.90. 5,437,770 shares of the company's stock were exchanged, compared to its average volume of 5,737,555. 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 stock has a 50-day moving average price of $103.72 and a two-hundred day moving average price of $126.70. The company has a market cap of $43.69 billion, a P/E ratio of 10.17, a PEG ratio of 1.94 and a beta of 1.28. Target Co. has a 52-week low of $87.35 and a 52-week high of $167.40.

Target (NYSE:TGT - Get Free Report) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to analysts' expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, equities research analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's dividend payout ratio (DPR) is 50.56%.

Analyst Ratings Changes

Several equities analysts have recently commented on TGT shares. Wells Fargo & Company decreased 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. KGI Securities set a $132.00 price objective on Target in a research report on Wednesday, March 5th. Mizuho assumed coverage on shares of Target in a research note on Friday, April 11th. They issued a "neutral" rating and a $92.00 price target on the stock. Oppenheimer dropped their price objective on shares of Target from $165.00 to $150.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, Robert W. Baird lowered shares of Target from an "outperform" rating to a "neutral" rating and set a $110.00 target price on the stock. in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Target currently has a consensus rating of "Hold" and a consensus price target of $132.37.

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.