Schechter Investment Advisors LLC Has $1.62 Million Stock Position in Target Co. (NYSE:TGT)

Schechter Investment Advisors LLC cut its stake in shares of Target Co. (NYSE:TGT) by 17.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,012 shares of the retailer’s stock after selling 2,552 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Target were worth $1,624,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TGT. Thrivent Financial for Lutherans grew its holdings in Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Target by 25.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after purchasing an additional 3,590 shares during the period. Northeast Financial Group Inc. bought a new stake in shares of Target in the fourth quarter worth $1,566,000. D.A. Davidson & CO. increased its holdings 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 purchasing an additional 9,510 shares during the period. Finally, LMG Wealth Partners LLC bought a new position in Target during the 4th quarter worth $1,438,000. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on TGT. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Piper Sandler decreased their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Stifel Nicolaus raised their price target on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 price objective on shares of Target in a research report on Friday, January 17th. Finally, Evercore ISI dropped their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $157.93.

Target Stock Down 3.2 %

TGT opened at $120.28 on Tuesday. Target Co. has a fifty-two week low of $119.92 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company’s 50-day moving average is $133.54 and its 200 day moving average is $142.28. The firm has a market capitalization of $55.11 billion, a P/E ratio of 12.76, a PEG ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

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.