Arkadios Wealth Advisors Sells 116 Shares of Target Co. (NYSE:TGT)

Arkadios Wealth Advisors lessened its stake in shares of Target Co. (NYSE:TGT) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,226 shares of the retailer’s stock after selling 116 shares during the quarter. Arkadios Wealth Advisors’ holdings in Target were worth $2,193,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after acquiring an additional 490 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after purchasing an additional 9,510 shares during the last quarter. Prana Capital Management LP lifted its holdings in shares of Target by 47.5% during the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after purchasing an additional 69,885 shares during the last quarter. Leibman Financial Services Inc. purchased a new stake in shares of Target during the 4th quarter valued at $2,272,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Target during the 3rd quarter valued at $967,000. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

NYSE:TGT opened at $133.62 on Friday. Target Co. has a 52 week low of $120.21 and a 52 week 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. The stock has a market capitalization of $61.22 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. The stock’s 50-day moving average price is $136.13 and its 200-day moving average price is $145.14.

Target (NYSE:TGT) last posted 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 return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the firm posted $2.10 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts expect that Target Co. will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on TGT. Stifel Nicolaus increased their price objective on Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Melius Research began coverage on Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and decreased their price objective for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. Finally, TD Cowen reduced their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $158.23.

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.