Target Co. (NYSE:TGT) Shares Sold by Pure Financial Advisors LLC

Pure Financial Advisors LLC lowered its holdings in shares of Target Co. (NYSE:TGT) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,639 shares of the retailer’s stock after selling 124 shares during the period. Pure Financial Advisors LLC’s holdings in Target were worth $222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CMH Wealth Management LLC increased its position in Target by 2.0% in the 4th quarter. CMH Wealth Management LLC now owns 46,701 shares of the retailer’s stock valued at $6,313,000 after acquiring an additional 916 shares during the period. Koshinski Asset Management Inc. grew its stake in shares of Target by 16.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 7,487 shares of the retailer’s stock valued at $1,012,000 after purchasing an additional 1,083 shares during the last quarter. Gemmer Asset Management LLC acquired a new position in shares of Target in the fourth quarter valued at approximately $267,000. Corundum Group Inc. raised its stake in shares of Target by 3.7% during the fourth quarter. Corundum Group Inc. now owns 6,800 shares of the retailer’s stock worth $919,000 after purchasing an additional 241 shares during the last quarter. Finally, Uncommon Cents Investing LLC lifted its holdings in shares of Target by 18.4% during the fourth quarter. Uncommon Cents Investing LLC now owns 24,440 shares of the retailer’s stock worth $3,304,000 after purchasing an additional 3,792 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TGT shares. Sanford C. Bernstein assumed coverage on shares of Target in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 price objective for the company. Bank of America reduced their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Roth Mkm dropped their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $158.57.

Target Trading Down 1.2 %

Shares of Target stock opened at $135.74 on Thursday. The firm has a market cap of $62.20 billion, a PE ratio of 14.39, a P/E/G ratio of 2.17 and a beta of 1.16. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The business’s fifty day moving average is $135.37 and its two-hundred day moving average is $145.01.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $25.87 billion. During the same period in the previous year, the business posted $2.10 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Analysts anticipate that Target Co. will post 8.68 earnings per share for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio 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.