CFS Investment Advisory Services LLC Trims Stake in Target Co. (NYSE:TGT)

CFS Investment Advisory Services LLC cut its holdings in shares of Target Co. (NYSE:TGTFree Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,352 shares of the retailer’s stock after selling 79 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Target were worth $1,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC grew its position in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares in the last quarter. MCF Advisors LLC grew its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of Target in the third quarter valued at approximately $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TGT shares. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Truist Financial upped their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Wells Fargo & Company decreased their target price on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. JPMorgan Chase & Co. cut their price target on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Finally, HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Target has an average rating of “Hold” and a consensus price target of $158.57.

Get Our Latest Stock Report on Target

Target Trading Up 0.5 %

NYSE TGT opened at $137.99 on Friday. The firm’s fifty day moving average is $134.37 and its two-hundred day moving average is $144.82. Target Co. has a one year low of $120.21 and a one year high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a market cap of $63.23 billion, a PE ratio of 14.63, a P/E/G ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGTGet Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the firm earned $2.10 EPS. The business’s revenue was up .9% on a year-over-year basis. Analysts expect that Target Co. will post 8.68 earnings per share for the current year.

Target Announces Dividend

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 3.25%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is presently 47.51%.

Target Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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