Rothschild Investment LLC Lowers Stock Position in Target Co. (NYSE:TGT)

Rothschild Investment LLC decreased its holdings in Target Co. (NYSE:TGT) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,612 shares of the retailer’s stock after selling 140 shares during the quarter. Rothschild Investment LLC’s holdings in Target were worth $623,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Target by 4.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 155,730 shares of the retailer’s stock valued at $24,272,000 after purchasing an additional 6,501 shares during the last quarter. Hedges Asset Management LLC increased its holdings in Target by 2.6% in the third quarter. Hedges Asset Management LLC now owns 3,950 shares of the retailer’s stock valued at $616,000 after buying an additional 100 shares in the last quarter. Smithbridge Asset Management Inc. DE raised its holdings in Target by 9.9% during the third quarter. Smithbridge Asset Management Inc. DE now owns 18,678 shares of the retailer’s stock worth $2,911,000 after purchasing an additional 1,689 shares during the last quarter. Inscription Capital LLC raised its stake in shares of Target by 0.6% during the 3rd quarter. Inscription Capital LLC now owns 15,965 shares of the retailer’s stock worth $2,488,000 after buying an additional 98 shares during the last quarter. Finally, Welch Group LLC lifted its holdings in shares of Target by 9.9% in the third quarter. Welch Group LLC now owns 41,489 shares of the retailer’s stock valued at $6,467,000 after purchasing an additional 3,748 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TGT shares. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Guggenheim lifted their price target on Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Wells Fargo & Company cut their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a 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 on the stock in a research report on Thursday, November 21st. Finally, Evercore ISI dropped their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $157.70.

Target Stock Up 1.5 %

Shares of Target stock opened at $126.11 on Tuesday. 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 1-year low of $120.21 and a 1-year high of $181.86. The business has a 50-day moving average of $134.28 and a 200-day moving average of $142.75. The company has a market capitalization of $57.79 billion, a PE ratio of 13.37, a P/E/G ratio of 1.94 and a beta of 1.15.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

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.