Target Co. (NYSE:TGT) Shares Sold by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC trimmed its holdings in Target Co. (NYSE:TGT) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,621 shares of the retailer’s stock after selling 510 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Target were worth $1,436,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. WealthPlan Investment Management LLC raised its position in shares of Target by 7.4% during the 4th quarter. WealthPlan Investment Management LLC now owns 2,277 shares of the retailer’s stock valued at $308,000 after buying an additional 156 shares during the period. Rhumbline Advisers raised its position in shares of Target by 0.3% during the 4th quarter. Rhumbline Advisers now owns 956,755 shares of the retailer’s stock valued at $129,334,000 after buying an additional 2,638 shares during the period. PUREfi Wealth LLC purchased a new stake in shares of Target during the 4th quarter valued at approximately $304,000. Blue Trust Inc. raised its position in shares of Target by 47.7% during the 4th quarter. Blue Trust Inc. now owns 4,983 shares of the retailer’s stock valued at $674,000 after buying an additional 1,609 shares during the period. Finally, GFG Capital LLC purchased a new stake in shares of Target during the 4th quarter valued at approximately $385,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

NYSE TGT opened at $127.86 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The company has a market capitalization of $58.58 billion, a PE ratio of 13.56, a P/E/G ratio of 2.04 and a beta of 1.15. The company has a fifty day moving average of $135.20 and a two-hundred day moving average of $143.34.

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

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.50%. Target’s payout ratio is 47.51%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday. StockNews.com lowered Target from a “buy” rating to a “hold” rating in a research report on Friday. Piper Sandler cut 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. Roth Mkm cut their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Finally, Truist Financial boosted their target price on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.