Orion Portfolio Solutions LLC Sells 16,768 Shares of Target Co. (NYSE:TGT)

Orion Portfolio Solutions LLC decreased its holdings in shares of Target Co. (NYSE:TGT) by 33.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,822 shares of the retailer’s stock after selling 16,768 shares during the period. Orion Portfolio Solutions LLC’s holdings in Target were worth $4,437,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nicholas Company Inc. lifted its position in Target by 20.5% in the 4th quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock valued at $7,544,000 after acquiring an additional 9,485 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of Target by 144.9% during the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock valued at $31,699,000 after buying an additional 138,751 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in Target during the fourth quarter worth $6,459,000. Wilmington Savings Fund Society FSB raised its position in Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after buying an additional 3,590 shares during the last quarter. Finally, Northeast Financial Group Inc. bought a new position in Target during the 4th quarter valued at $1,566,000. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Stifel Nicolaus dropped their target price on shares of Target from $130.00 to $120.00 and set a “hold” rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company reduced their target price on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price target on Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Piper Sandler reduced their price objective on Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $143.40.

Target Price Performance

NYSE:TGT opened at $103.63 on Monday. The firm has a market capitalization of $47.21 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 1.94 and a beta of 1.18. 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 stock has a fifty day moving average of $122.96 and a 200 day moving average of $136.39. Target Co. has a 52-week low of $101.76 and a 52-week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The firm had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, research analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is currently 50.56%.

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.