Weatherly Asset Management L. P. Cuts Holdings in Target Co. (NYSE:TGT)

Weatherly Asset Management L. P. decreased its stake in shares of Target Co. (NYSE:TGT) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,770 shares of the retailer’s stock after selling 130 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Target were worth $2,537,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in Target during the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC increased its holdings in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC purchased a new stake in Target during the 3rd quarter worth about $36,000. Catalyst Capital Advisors LLC purchased a new stake in Target during the 3rd quarter worth about $38,000. Finally, MCF Advisors LLC increased its holdings in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $131.34 on Tuesday. The business’s fifty day moving average price is $135.22 and its two-hundred day moving average price is $143.78. The stock has a market cap of $60.18 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. 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 one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last announced 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). The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $2.10 EPS. On average, analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

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 issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TGT shares. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Citigroup upped their price objective on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Piper Sandler lowered their price objective on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average 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.