Envestnet Portfolio Solutions Inc. Sells 22,936 Shares of Target Co. (NYSE:TGT)

Envestnet Portfolio Solutions Inc. lowered its position in Target Co. (NYSE:TGT) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,330 shares of the retailer’s stock after selling 22,936 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Target were worth $14,103,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. CIBC Asset Management Inc raised its holdings in shares of Target by 7.0% in the third quarter. CIBC Asset Management Inc now owns 79,245 shares of the retailer’s stock valued at $12,351,000 after buying an additional 5,192 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Target in the 3rd quarter valued at about $209,000. Natixis Advisors LLC raised its stake in shares of Target by 6.4% in the third quarter. Natixis Advisors LLC now owns 395,076 shares of the retailer’s stock worth $61,577,000 after acquiring an additional 23,741 shares during the last quarter. RIA Advisory Group LLC bought a new stake in shares of Target during the third quarter valued at approximately $241,000. Finally, Schear Investment Advisers LLC increased its holdings in shares of Target by 6.1% in the third quarter. Schear Investment Advisers LLC now owns 1,540 shares of the retailer’s stock valued at $240,000 after purchasing an additional 89 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Trading Up 0.2 %

Shares of NYSE:TGT opened at $104.71 on Monday. The company’s 50-day moving average price is $129.35 and its two-hundred day moving average price is $139.63. Target Co. has a one year low of $103.46 and a one year high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a market capitalization of $47.70 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

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

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.28%. Target’s dividend payout ratio is presently 50.56%.

Analysts Set New Price Targets

TGT has been the topic of a number of recent research reports. UBS Group decreased their price objective on Target from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. DA Davidson decreased their price target on Target from $153.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Oppenheimer dropped their price objective on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Roth Mkm reaffirmed a “neutral” rating and issued a $122.00 target price (down previously from $131.00) on shares of Target in a research note on Wednesday, March 5th. Finally, Bank of America dropped their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $145.87.

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.