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

Midland Wealth Advisors LLC decreased its stake in shares of Target Co. (NYSE:TGT) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,565 shares of the retailer’s stock after selling 1,121 shares during the period. Midland Wealth Advisors LLC’s holdings in Target were worth $1,293,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of TGT. Thrivent Financial for Lutherans boosted its stake in Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Target by 25.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after buying an additional 3,590 shares in the last quarter. Northeast Financial Group Inc. acquired a new position in Target during the fourth quarter worth about $1,566,000. D.A. Davidson & CO. raised its position in Target by 8.6% in the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after acquiring an additional 9,510 shares in the last quarter. Finally, LMG Wealth Partners LLC acquired a new stake in Target in the 4th quarter valued at about $1,438,000. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

NYSE TGT opened at $115.11 on Monday. Target Co. has a 12-month low of $112.10 and a 12-month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $52.74 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a 50 day moving average price of $132.05 and a two-hundred day moving average price of $141.37.

Target (NYSE:TGT) last posted its quarterly 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 company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, equities analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s payout ratio is presently 50.56%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Oppenheimer lowered their price objective on shares of Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Roth Mkm reiterated a “neutral” rating and set a $122.00 price objective (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, BMO Capital Markets cut their target price on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $147.00.

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.