Tempus Wealth Planning LLC Sells 98 Shares of Target Co. (NYSE:TGT)

Tempus Wealth Planning LLC cut its stake in shares of Target Co. (NYSE:TGT) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,486 shares of the retailer’s stock after selling 98 shares during the quarter. Target comprises approximately 0.8% of Tempus Wealth Planning LLC’s portfolio, making the stock its 27th biggest position. Tempus Wealth Planning LLC’s holdings in Target were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in shares of Target by 1.3% during the 4th quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock valued at $760,000 after acquiring an additional 70 shares during the last quarter. Godshalk Welsh Capital Management Inc. increased its holdings in Target by 0.9% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock worth $1,158,000 after acquiring an additional 70 shares in the last quarter. Welch & Forbes LLC boosted its position in shares of Target by 0.9% in the fourth quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock worth $1,099,000 after purchasing an additional 71 shares during the period. Beacon Financial Advisory LLC lifted its stake in shares of Target by 1.0% during the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after buying an additional 72 shares in the last quarter. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of Target by 4.1% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,851 shares of the retailer’s stock valued at $328,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent analyst reports. Truist Financial lowered their price objective on Target from $160.00 to $153.00 and set a “hold” rating on the stock in a research report on Thursday, May 23rd. The Goldman Sachs Group increased their price objective on shares of Target from $176.00 to $194.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Stifel Nicolaus boosted their target price on shares of Target from $153.00 to $177.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. DA Davidson raised their target price on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Citigroup upgraded shares of Target from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $177.61.

Target Stock Down 0.4 %

TGT stock traded down $0.59 during midday trading on Thursday, hitting $144.80. The company’s stock had a trading volume of 1,633,259 shares, compared to its average volume of 3,936,275. The firm has a market capitalization of $66.99 billion, a P/E ratio of 16.25, a PEG ratio of 1.37 and a beta of 1.19. The firm has a 50-day simple moving average of $151.71 and a 200-day simple moving average of $153.35. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.02). Target had a return on equity of 31.91% and a net margin of 3.87%. The company had revenue of $24.14 billion for the quarter, compared to analyst estimates of $24.52 billion. During the same period in the prior year, the firm posted $2.05 earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts forecast that Target Co. will post 9.32 EPS for the current year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be paid a $1.12 dividend. The ex-dividend date is Wednesday, August 21st. This is a boost from Target’s previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a yield of 3.09%. Target’s dividend payout ratio (DPR) is currently 49.38%.

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.