Modera Wealth Management LLC Has $18.93 Million Position in Target Co. (NYSE:TGT)

Modera Wealth Management LLC decreased its holdings in Target Co. (NYSE:TGT) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,063 shares of the retailer’s stock after selling 3,214 shares during the quarter. Modera Wealth Management LLC’s holdings in Target were worth $18,934,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its position in Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after purchasing an additional 490 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after buying an additional 3,590 shares in the last quarter. Northeast Financial Group Inc. acquired a new stake in Target in the 4th quarter valued at $1,566,000. D.A. Davidson & CO. grew its position in Target by 8.6% in the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after acquiring an additional 9,510 shares during the period. Finally, LMG Wealth Partners LLC acquired a new position in Target during the fourth quarter worth $1,438,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

TGT stock opened at $124.37 on Friday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The business’s 50-day moving average price is $133.77 and its two-hundred day moving average price is $142.39. The firm has a market cap of $56.99 billion, a PE ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were paid a dividend of $1.12 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.60%. Target’s payout ratio is 47.51%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Roth Mkm reduced their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research report on Wednesday, November 20th. Guggenheim lifted their target price on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus increased their price target on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and cut their price objective for the company from $184.00 to $108.00 in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and an average price target of $157.93.

About Target

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.