Valeo Financial Advisors LLC Reduces Stock Holdings in Target Co. (NYSE:TGT)

Valeo Financial Advisors LLC reduced its position in shares of Target Co. (NYSE:TGT) by 22.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,647 shares of the retailer’s stock after selling 5,099 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Target were worth $2,263,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in shares of Target by 0.6% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,824 shares of the retailer’s stock worth $1,662,000 after purchasing an additional 82 shares in the last quarter. Carlson Capital Management raised its position in shares of Target by 1.0% during the 3rd quarter. Carlson Capital Management now owns 9,985 shares of the retailer’s stock valued at $1,067,000 after purchasing an additional 100 shares during the period. Evermay Wealth Management LLC lifted its stake in shares of Target by 3.8% during the 3rd quarter. Evermay Wealth Management LLC now owns 2,724 shares of the retailer’s stock valued at $291,000 after buying an additional 100 shares in the last quarter. IHT Wealth Management LLC lifted its stake in shares of Target by 3.2% during the 3rd quarter. IHT Wealth Management LLC now owns 3,246 shares of the retailer’s stock valued at $347,000 after buying an additional 101 shares in the last quarter. Finally, Horrell Capital Management Inc. boosted its holdings in Target by 0.4% in the 4th quarter. Horrell Capital Management Inc. now owns 30,990 shares of the retailer’s stock worth $3,973,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 77.05% of the company’s stock.

A number of equities research analysts have issued reports on TGT shares. Robert W. Baird increased their price target on Target from $115.00 to $140.00 in a research note on Wednesday, November 27th. Telsey Advisory Group boosted their price objective on Target from $120.00 to $137.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Barclays reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Target in a research note on Friday, November 22nd. Bank of America increased their target price on Target from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Raymond James assumed coverage on Target in a research note on Monday, October 7th. They set a “strong-buy” rating and a $130.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Target presently has an average rating of “Buy” and a consensus price target of $120.14.

In other news, insider Stephanie A. Lundquist sold 6,630 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $127.00, for a total value of $842,010.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Don H. Liu sold 2,274 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $122.20, for a total transaction of $277,882.80. Following the completion of the sale, the insider now owns 37,616 shares in the company, valued at $4,596,675.20. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Target stock traded down $1.43 during midday trading on Friday, reaching $114.10. 2,896,778 shares of the stock traded hands, compared to its average volume of 5,424,077. The stock has a market cap of $57.72 billion, a P/E ratio of 18.23, a PEG ratio of 2.38 and a beta of 0.56. The stock’s fifty day moving average is $124.71 and its 200-day moving average is $108.71. The company has a quick ratio of 0.15, a current ratio of 0.83 and a debt-to-equity ratio of 1.10. Target Co. has a 12 month low of $69.07 and a 12 month high of $130.24.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.17. The business had revenue of $18.41 billion for the quarter, compared to the consensus estimate of $18.45 billion. Target had a return on equity of 28.22% and a net margin of 4.18%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. On average, equities analysts predict that Target Co. will post 6.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Tuesday, February 18th. Target’s payout ratio is 48.98%.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home d├ęcor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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