Blake Schutter Theil Wealth Advisors LLC Sells 929 Shares of Target Co. (NYSE:TGT)

Blake Schutter Theil Wealth Advisors LLC decreased its holdings in Target Co. (NYSE:TGT) by 28.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,308 shares of the retailer’s stock after selling 929 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in Target were worth $312,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Cynosure Group LLC increased its holdings in Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after buying an additional 65 shares during the period. Hancock Whitney Corp boosted its position in Target by 3.3% during the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after acquiring an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC increased its holdings in shares of Target by 1.1% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the period. Proffitt & Goodson Inc. raised its position in shares of Target by 2.2% in the 3rd quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock worth $539,000 after acquiring an additional 73 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in shares of Target by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of Target stock opened at $115.11 on Friday. The firm has a market cap of $52.74 billion, a PE ratio of 12.21, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a twelve month low of $112.10 and a twelve month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $132.05 and a 200 day moving average price of $141.49.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $30.83 billion. Sell-side analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were given a dividend of $1.12 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.89%. Target’s dividend payout ratio (DPR) is presently 50.56%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Jefferies Financial Group lowered their price objective on Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus price target of $147.00.

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.