Target Co. (NYSE:TGT) Shares Sold by Crewe Advisors LLC

Crewe Advisors LLC cut its stake in shares of Target Co. (NYSE:TGT) by 45.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 376 shares of the retailer’s stock after selling 316 shares during the period. Crewe Advisors LLC’s holdings in Target were worth $51,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC acquired a new stake in shares of Target in the third quarter valued at about $28,000. Wolff Wiese Magana LLC raised its position in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares during the last quarter. MCF Advisors LLC raised its position in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its position in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Target in the third quarter valued at about $36,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Down 0.5 %

Shares of TGT stock opened at $134.59 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The stock has a market capitalization of $61.67 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15. The company has a 50 day moving average price of $135.16 and a 200 day moving average price of $144.04.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the firm earned $2.10 EPS. The company’s revenue was up .9% on a year-over-year basis. Equities research analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently declared 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 3.33%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analysts Set New Price Targets

TGT has been the subject of a number of recent research reports. Guggenheim increased their target price on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Stifel Nicolaus raised their price objective on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Wells Fargo & Company reduced their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Finally, Bank of America reduced their target price on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $157.70.

Target 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.