Target Co. (NYSE:TGT) Stock Position Lowered by Acropolis Investment Management LLC

Acropolis Investment Management LLC trimmed its position in shares of Target Co. (NYSE:TGT) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,549 shares of the retailer’s stock after selling 426 shares during the period. Acropolis Investment Management LLC’s holdings in Target were worth $1,020,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of Target during the third quarter valued at $28,000. Wolff Wiese Magana LLC boosted its position in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the period. FSA Wealth Management LLC purchased a new position in Target during the 3rd quarter valued at about $36,000. Catalyst Capital Advisors LLC purchased a new position in Target during the 3rd quarter valued at about $38,000. Finally, First Financial Corp IN increased its holdings in shares of Target by 330.8% in the 4th quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock valued at $38,000 after purchasing an additional 215 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Down 1.9 %

Shares of TGT stock opened at $136.18 on Wednesday. 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 firm has a market capitalization of $62.40 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. The firm’s fifty day simple moving average is $137.06 and its 200 day simple moving average is $145.39. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

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

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.29%. Target’s dividend payout ratio (DPR) is currently 47.51%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Roth Mkm decreased their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 target price on shares of Target in a research note on Wednesday, November 20th. Citigroup downgraded shares of Target from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $188.00 to $130.00 in a research note on Wednesday, November 20th. Melius Research assumed coverage on Target in a research report on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective for the company. Finally, Piper Sandler dropped their target price on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $160.57.

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.