Guardian Wealth Advisors LLC Sells 161 Shares of Target Co. (NYSE:TGT)

Guardian Wealth Advisors LLC cut its holdings in Target Co. (NYSE:TGT) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,939 shares of the retailer’s stock after selling 161 shares during the period. Guardian Wealth Advisors LLC’s holdings in Target were worth $532,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Leo Wealth LLC grew its position in Target by 153.0% during the 4th quarter. Leo Wealth LLC now owns 4,357 shares of the retailer’s stock worth $589,000 after acquiring an additional 2,635 shares during the last quarter. Consolidated Portfolio Review Corp bought a new position in shares of Target in the fourth quarter worth approximately $300,000. Telos Capital Management Inc. grew its holdings in shares of Target by 18.7% in the fourth quarter. Telos Capital Management Inc. now owns 3,070 shares of the retailer’s stock worth $415,000 after purchasing an additional 484 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Target by 17.0% in the fourth quarter. State of Alaska Department of Revenue now owns 66,553 shares of the retailer’s stock worth $8,996,000 after buying an additional 9,680 shares during the period. Finally, YANKCOM Partnership purchased a new stake in Target during the 4th quarter valued at $942,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Down 0.5 %

Shares of Target stock opened at $134.59 on Friday. 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 twelve month low of $120.21 and a twelve month high of $181.86. The company has a market cap of $61.67 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15. The company’s 50 day moving average is $135.16 and its 200 day moving average is $144.04.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the firm earned $2.10 EPS. The business’s revenue was up .9% on a year-over-year basis. Research analysts anticipate that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analysts Set New Price Targets

Several equities analysts have recently commented on TGT shares. JPMorgan Chase & Co. lowered their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Truist Financial increased their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Wells Fargo & Company reduced their target price on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, Citigroup boosted their price objective on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $157.70.

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.