Target Co. (NYSE:TGT) Shares Sold by Founders Financial Alliance LLC

Founders Financial Alliance LLC trimmed its holdings in Target Co. (NYSE:TGT) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,504 shares of the retailer’s stock after selling 216 shares during the period. Founders Financial Alliance LLC’s holdings in Target were worth $1,014,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the 3rd quarter valued at approximately $28,000. MCF Advisors LLC raised its position in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. raised its position in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Target during the 3rd quarter valued at approximately $36,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Target during the 4th quarter valued at approximately $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Guggenheim upped their price target on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group lowered their price objective on Target from $166.00 to $142.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. StockNews.com downgraded Target from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Citigroup lowered their price objective on Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Finally, Roth Capital set a $122.00 price objective on Target in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $145.87.

Target Trading Down 1.2 %

Shares of NYSE TGT opened at $113.74 on Tuesday. Target Co. has a 12 month low of $111.84 and a 12 month high of $181.86. The company has a market cap of $52.12 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 1.94 and a beta of 1.18. 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 business has a fifty day simple moving average of $131.63 and a 200-day simple moving average of $141.07.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Sell-side analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

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