Global Trust Asset Management LLC Trims Stock Position in Target Co. (NYSE:TGT)

Global Trust Asset Management LLC trimmed its stake in Target Co. (NYSE:TGT) by 27.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 532 shares of the retailer’s stock after selling 201 shares during the period. Global Trust Asset Management LLC’s holdings in Target were worth $72,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of Target during the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC boosted its stake in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares in the last quarter. MCF Advisors LLC grew its holdings in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares during the period. FSA Wealth Management LLC bought a new position in shares of Target during the third quarter valued at approximately $36,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Target during the third quarter valued at approximately $38,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $135.74 on Thursday. The stock has a 50-day moving average price of $135.37 and a 200 day moving average price of $145.01. The stock has a market capitalization of $62.20 billion, a P/E ratio of 14.39, a P/E/G ratio of 2.17 and a beta of 1.16. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the previous year, the business earned $2.10 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Target Co. will post 8.68 EPS for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.30%. Target’s payout ratio is 47.51%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BMO Capital Markets reduced their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Piper Sandler lowered their price target on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a research report on Wednesday, November 20th. Guggenheim upped their target price on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and cut their target price for the company from $184.00 to $108.00 in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $158.57.

Target 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.