Target Co. (NYSE:TGT) Shares Sold by Wealth Alliance

Wealth Alliance cut its stake in shares of Target Co. (NYSE:TGT) by 10.6% during the fourth quarter, Holdings Channel reports. The firm owned 4,987 shares of the retailer’s stock after selling 590 shares during the quarter. Wealth Alliance’s holdings in Target were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TGT. Allspring Global Investments Holdings LLC raised its position in shares of Target by 57.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 183,365 shares of the retailer’s stock worth $28,579,000 after purchasing an additional 66,870 shares during the period. Eastern Bank raised its position in shares of Target by 47.2% during the third quarter. Eastern Bank now owns 2,302 shares of the retailer’s stock worth $359,000 after purchasing an additional 738 shares during the period. Courier Capital LLC acquired a new stake in shares of Target during the third quarter worth $1,532,000. Monte Financial Group LLC raised its position in shares of Target by 22.6% during the third quarter. Monte Financial Group LLC now owns 50,932 shares of the retailer’s stock worth $7,938,000 after purchasing an additional 9,381 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Target by 9,940.6% during the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock worth $311,937,000 after purchasing an additional 1,981,458 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

Shares of NYSE:TGT opened at $128.20 on Friday. The business has a 50 day moving average price of $134.61 and a 200 day moving average price of $142.74. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The company has a market cap of $58.74 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 1.97 and a beta of 1.15. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

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). The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $2.10 EPS. Research analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

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 $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.49%. Target’s dividend payout ratio (DPR) is 47.51%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TGT shares. Evercore ISI dropped their price target on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. Truist Financial upped their price target on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, January 17th. Oppenheimer reissued an “outperform” rating and set a $165.00 price target on shares of Target in a research report on Monday, November 25th. StockNews.com lowered Target from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Citigroup upped their price target on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.