Target Co. (NYSE:TGT) Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC cut its stake in shares of Target Co. (NYSE:TGT) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,626 shares of the retailer’s stock after selling 991 shares during the quarter. HB Wealth Management LLC’s holdings in Target were worth $10,494,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Thrivent Financial for Lutherans boosted its position in Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Target by 8.6% in the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after purchasing an additional 9,510 shares in the last quarter. Prana Capital Management LP increased its position in Target by 47.5% during the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after buying an additional 69,885 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new position in Target during the third quarter valued at about $967,000. Finally, Leibman Financial Services Inc. acquired a new stake in shares of Target in the fourth quarter worth about $2,272,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Friday. Roth Mkm reduced their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer restated an “outperform” rating and set a $165.00 target price on shares of Target in a research report on Monday, November 25th. One equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $158.23.

Target Stock Performance

Shares of Target stock traded up $0.37 on Friday, hitting $133.62. The stock had a trading volume of 6,869,705 shares, compared to its average volume of 3,870,967. The business’s 50 day moving average is $136.45 and its two-hundred day moving average is $145.23. The stock has a market cap of $61.22 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.10 earnings per share. Analysts forecast that Target Co. will post 8.6 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.35%. Target’s payout ratio is 47.51%.

Target Company Profile

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.