Target Co. (NYSE:TGT) Stake Decreased by Northern Financial Advisors Inc

Northern Financial Advisors Inc trimmed its holdings in Target Co. (NYSE:TGT) by 55.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,376 shares of the retailer’s stock after selling 4,240 shares during the quarter. Northern Financial Advisors Inc’s holdings in Target were worth $456,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. increased its holdings in shares of Target by 19.2% during the fourth quarter. Vontobel Holding Ltd. now owns 40,788 shares of the retailer’s stock valued at $5,514,000 after purchasing an additional 6,578 shares during the period. Bogart Wealth LLC grew its position in Target by 38.6% in the 4th quarter. Bogart Wealth LLC now owns 959 shares of the retailer’s stock valued at $130,000 after buying an additional 267 shares in the last quarter. Park Capital Management LLC WI acquired a new position in Target during the 4th quarter valued at about $948,000. Naples Global Advisors LLC raised its position in shares of Target by 14.5% during the 4th quarter. Naples Global Advisors LLC now owns 25,692 shares of the retailer’s stock worth $3,473,000 after buying an additional 3,246 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Target by 8.8% in the 4th quarter. Van ECK Associates Corp now owns 147,826 shares of the retailer’s stock worth $19,983,000 after acquiring an additional 11,918 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. TD Cowen lowered their price target on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Citigroup boosted their price target on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Target has a consensus rating of “Hold” and an average target price of $157.70.

Target Stock Up 1.0 %

TGT opened at $128.72 on Friday. The company has a market capitalization of $58.98 billion, a PE ratio of 13.65, 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 current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The business has a 50-day moving average of $135.20 and a 200-day moving average of $143.44.

Target (NYSE:TGT) last issued its quarterly earnings data 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). The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 EPS. Equities research analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.48%. Target’s dividend payout ratio (DPR) is currently 47.51%.

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.