GHP Investment Advisors Inc. Sells 1,103 Shares of Target Co. (NYSE:TGT)

GHP Investment Advisors Inc. trimmed its position in shares of Target Co. (NYSE:TGT) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,996 shares of the retailer’s stock after selling 1,103 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Target were worth $10,003,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Cynosure Group LLC grew its position in Target by 4.3% in the 3rd 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 increased its holdings in 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 acquiring an additional 67 shares during the last quarter. Hancock Whitney Corp increased its holdings in Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after acquiring an additional 68 shares during the last quarter. Trust Co. of Vermont lifted its holdings 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 purchasing an additional 69 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC boosted its position 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 purchasing an additional 73 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

Shares of TGT stock opened at $135.27 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm has a market cap of $61.98 billion, a P/E ratio of 14.34, a P/E/G ratio of 2.24 and a beta of 1.15. The business’s 50 day moving average price is $135.16 and its 200-day moving average price is $144.04.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share 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 the consensus estimate of $25.87 billion. During the same quarter last year, the firm earned $2.10 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, equities research analysts anticipate that Target Co. will post 8.69 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. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price target on shares of Target in a research report on Friday, January 17th. Citigroup boosted their target price on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Sanford C. Bernstein raised their price target on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. Guggenheim boosted their price objective on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Piper Sandler cut their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Target has an average rating of “Hold” and an average target price of $157.70.

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.