Ethos Financial Group LLC Sells 387 Shares of Target Co. (NYSE:TGT)

Ethos Financial Group LLC reduced its position in Target Co. (NYSE:TGT) by 18.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,701 shares of the retailer’s stock after selling 387 shares during the period. Ethos Financial Group LLC’s holdings in Target were worth $230,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its holdings in shares of Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after buying an additional 490 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of 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 in the last quarter. Northeast Financial Group Inc. bought a new stake in shares of Target in the 4th quarter valued at about $1,566,000. D.A. Davidson & CO. boosted its holdings in shares of Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after buying an additional 9,510 shares in the last quarter. Finally, LMG Wealth Partners LLC bought a new stake in shares of Target in the 4th quarter valued at about $1,438,000. 79.73% of the stock is currently owned by institutional investors.

Target Trading Down 2.4 %

Shares of TGT stock opened at $113.78 on Friday. The company’s 50-day moving average price is $132.46 and its 200-day moving average price is $141.72. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market cap of $52.13 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a twelve month low of $112.53 and a twelve month high of $181.86.

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

Target Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were given a $1.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.94%. Target’s payout ratio is currently 50.56%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group lowered their price target on shares of Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday. Truist Financial decreased their price objective on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday. Sanford C. Bernstein lifted their target price on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. Citigroup cut their target price on shares of Target from $133.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Evercore ISI cut their target price on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Target presently has an average rating of “Hold” and an average price target of $147.00.

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.