Target Co. (NYSE:TGT) Position Cut by Dakota Wealth Management

Dakota Wealth Management trimmed its holdings in Target Co. (NYSE:TGT) by 80.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,134 shares of the retailer’s stock after selling 32,656 shares during the quarter. Dakota Wealth Management’s holdings in Target were worth $1,100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in Target in the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC grew its holdings in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares in the last quarter. MCF Advisors LLC grew its holdings in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares in the last quarter. FSA Wealth Management LLC bought a new position in Target in the 3rd quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in Target during the 3rd quarter valued at $38,000. 79.73% of the stock is owned by institutional investors.

Target Price Performance

Shares of NYSE:TGT opened at $137.24 on Friday. 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 Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The business has a fifty day simple moving average of $134.98 and a 200 day simple moving average of $144.94. The firm has a market cap of $62.89 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 2.23 and a beta of 1.16.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter last year, the business earned $2.10 earnings per share. Target’s quarterly revenue was up .9% on a year-over-year basis. As a group, sell-side analysts predict that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.26%. Target’s dividend payout ratio (DPR) is currently 47.51%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TGT. Wells Fargo & Company decreased their price target on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Evercore ISI decreased their price target on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. Stifel Nicolaus increased their price target on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Guggenheim increased their price target on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Target presently has an average rating of “Hold” and an average price target of $158.57.

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.