Target Co. (NYSE:TGT) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its holdings in shares of Target Co. (NYSE:TGT) by 31.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,544 shares of the retailer’s stock after selling 2,596 shares during the quarter. TD Private Client Wealth LLC’s holdings in Target were worth $749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new position in Target during the third quarter worth approximately $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Target in the 4th quarter worth $29,000. MCF Advisors LLC boosted its holdings in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in Target during the third quarter worth about $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of research reports. UBS Group decreased their target price on Target from $170.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Guggenheim boosted their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Piper Sandler decreased their price target on shares of Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Finally, Citigroup cut their price objective on Target from $133.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Target has an average rating of “Hold” and an average price target of $145.55.

Target Stock Performance

TGT stock opened at $104.29 on Monday. The firm has a market cap of $47.51 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.94 and a beta of 1.18. The stock’s 50 day simple moving average is $125.89 and its 200 day simple moving average is $137.93. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12-month low of $101.76 and a 12-month high of $181.86.

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 analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. As a group, equities research analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 50.56%.

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.