HB Wealth Management LLC Has $10.49 Million Position in Target Co. (NYSE:TGT)

HB Wealth Management LLC lowered its position in Target Co. (NYSE:TGT) by 1.3% in the 4th quarter, HoldingsChannel.com reports. 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 quarter.

Several other institutional investors also recently modified their holdings of TGT. Legacy Investment Solutions LLC acquired a new stake in Target in the third quarter worth $28,000. Wolff Wiese Magana LLC boosted its position in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Target in the 3rd quarter valued at about $36,000. Catalyst Capital Advisors LLC bought a new stake in Target in the 3rd quarter valued at about $38,000. Finally, Reston Wealth Management LLC acquired a new position in Target during the 3rd quarter worth approximately $41,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TGT shares. Guggenheim reduced their price objective on Target from $180.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Roth Mkm reduced their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Friday. Citigroup lifted their price objective on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $158.23.

Target Trading Up 0.3 %

Shares of Target stock traded up $0.37 during trading on Friday, reaching $133.62. 6,869,705 shares of the stock were exchanged, compared to its average volume of 3,870,967. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm 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. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock’s fifty day moving average is $136.45 and its 200 day moving average is $145.23.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company 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%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $2.10 EPS. As a group, equities research analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors 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 annualized dividend and a dividend yield of 3.35%. Target’s dividend payout ratio is presently 47.51%.

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.