Atomi Financial Group Inc. Has $402,000 Position in Target Co. (NYSE:TGT)

Atomi Financial Group Inc. decreased its holdings in shares of Target Co. (NYSE:TGT) by 15.7% in the 4th quarter, HoldingsChannel reports. The firm owned 2,975 shares of the retailer’s stock after selling 553 shares during the period. Atomi Financial Group Inc.’s holdings in Target were worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. Thrivent Financial for Lutherans lifted its stake in shares of Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after buying an additional 490 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Target by 8.6% during the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after purchasing an additional 9,510 shares during the period. Prana Capital Management LP lifted its holdings in Target by 47.5% during the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after purchasing an additional 69,885 shares during the last quarter. Polianta Ltd lifted its holdings in Target by 39.2% during the 4th quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock worth $1,392,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Leibman Financial Services Inc. acquired a new position in Target in the 4th quarter valued at $2,272,000. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and dropped their target price for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Evercore ISI dropped their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. decreased their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Stifel Nicolaus increased their price target on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and an average price target of $158.57.

Target Stock Performance

NYSE:TGT opened at $137.99 on Friday. The stock’s 50-day moving average is $134.66 and its 200-day moving average is $144.89. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market cap of $63.23 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 earnings per share. Equities research analysts anticipate that Target Co. will post 8.68 earnings per share for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.25%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is presently 47.51%.

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.