Signature Wealth Management Group Cuts Position in Target Co. (NYSE:TGT)

Signature Wealth Management Group trimmed its position in shares of Target Co. (NYSE:TGT) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,284 shares of the retailer’s stock after selling 683 shares during the period. Signature Wealth Management Group’s holdings in Target were worth $3,418,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Cynosure Group LLC increased its stake in shares of Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after buying an additional 65 shares during the period. Hancock Whitney Corp increased its stake in shares of Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after buying an additional 68 shares during the period. Kathmere Capital Management LLC increased its stake in Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after purchasing an additional 73 shares during the last quarter. Cahill Financial Advisors Inc. increased its stake in Target by 1.0% in the third quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer’s stock valued at $1,197,000 after purchasing an additional 76 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC increased its stake in Target by 2.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock valued at $483,000 after purchasing an additional 76 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. TD Cowen dropped their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. The Goldman Sachs Group dropped their price target on shares of Target from $166.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Oppenheimer lowered their target price on shares of Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $145.87.

Target Trading Up 0.2 %

Shares of TGT stock opened at $104.71 on Friday. Target Co. has a fifty-two week low of $103.46 and a fifty-two week high of $181.86. The stock has a market cap of $47.70 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.94 and a beta of 1.18. The business has a fifty day simple moving average of $129.35 and a 200-day simple moving average of $139.75. 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 (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. On average, analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.28%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

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.