Target Co. (NYSE:TGT) Stock Position Cut by Accurate Wealth Management LLC

Accurate Wealth Management LLC trimmed its stake in shares of Target Co. (NYSE:TGT) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,764 shares of the retailer’s stock after selling 169 shares during the quarter. Accurate Wealth Management LLC’s holdings in Target were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Cynosure Group LLC raised its holdings in Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares in the last quarter. Financial Advocates Investment Management raised its stake in shares of Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after buying an additional 67 shares in the last quarter. Hancock Whitney Corp lifted its holdings in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after buying an additional 68 shares during the period. Trust Co. of Vermont boosted its stake in Target by 0.4% during the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after buying an additional 69 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC grew its holdings in Target by 1.1% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after acquiring an additional 73 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TGT shares. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Melius Research assumed coverage on shares of Target in a research report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. TD Cowen reduced their price objective on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Finally, Citigroup lowered Target from a “buy” rating to a “neutral” rating and cut their target price for the stock from $188.00 to $130.00 in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $160.57.

Target Stock Performance

Shares of NYSE TGT opened at $134.58 on Thursday. The business’s 50-day moving average price is $137.06 and its two-hundred day moving average price is $145.39. 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 one year low of $120.21 and a one year high of $181.86. The company has a market capitalization of $61.67 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter last year, the firm earned $2.10 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts anticipate that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.33%. Target’s dividend payout ratio (DPR) is presently 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.