Mattern Wealth Management LLC Has $325,000 Stock Position in Target Co. (NYSE:TGT)

Mattern Wealth Management LLC lessened its stake in Target Co. (NYSE:TGT) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,407 shares of the retailer’s stock after selling 369 shares during the quarter. Mattern Wealth Management LLC’s holdings in Target were worth $325,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC grew its holdings in shares of Target by 358.7% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 25,816 shares of the retailer’s stock worth $3,490,000 after buying an additional 20,188 shares in the last quarter. Pacer Advisors Inc. boosted its position in Target by 499.8% during the 4th quarter. Pacer Advisors Inc. now owns 224,657 shares of the retailer’s stock worth $30,369,000 after acquiring an additional 187,199 shares during the last quarter. United Asset Strategies Inc. grew its stake in shares of Target by 4.9% during the 4th quarter. United Asset Strategies Inc. now owns 5,231 shares of the retailer’s stock worth $707,000 after acquiring an additional 246 shares in the last quarter. KBC Group NV raised its holdings in shares of Target by 318.9% in the fourth quarter. KBC Group NV now owns 364,381 shares of the retailer’s stock valued at $49,257,000 after purchasing an additional 277,403 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Target by 18.1% in the fourth quarter. Blue Trust Inc. now owns 3,984 shares of the retailer’s stock worth $539,000 after purchasing an additional 610 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of analyst reports. Stifel Nicolaus raised their target price on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Target in a report on Friday, January 17th. Bank of America decreased their price target on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Finally, Roth Mkm dropped their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and an average target price of $158.57.

Target Stock Performance

NYSE TGT opened at $142.44 on Tuesday. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm has a market capitalization of $65.27 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 2.21 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm’s 50 day simple moving average is $134.37 and its 200 day simple moving average is $144.79.

Target (NYSE:TGT) last announced its quarterly earnings data 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 return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the prior year, the company earned $2.10 earnings per share. Target’s quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts expect that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 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.