Simon Quick Advisors LLC Has $261,000 Stake in Target Co. (NYSE:TGT)

Simon Quick Advisors LLC cut its stake in Target Co. (NYSE:TGT) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,930 shares of the retailer’s stock after selling 105 shares during the period. Simon Quick Advisors LLC’s holdings in Target were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of Target during the third quarter worth about $28,000. Wolff Wiese Magana LLC grew its stake in shares of 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 in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Target in the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC bought a new stake in shares of Target in the third quarter worth $38,000. Finally, MCF Advisors LLC boosted its holdings in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their price target 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. Roth Mkm dropped their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and lowered their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Piper Sandler cut their price objective on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, Truist Financial boosted their target price on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $158.57.

Target Price Performance

Shares of NYSE TGT opened at $137.99 on Friday. The stock has a market capitalization of $63.23 billion, a PE ratio of 14.63, a P/E/G ratio of 2.21 and a beta of 1.16. Target Co. has a fifty-two week low of $120.21 and a fifty-two week 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 business has a fifty day moving average price of $134.66 and a two-hundred day moving average price of $144.89.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share 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 business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the company earned $2.10 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts predict that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is currently 47.51%.

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.