AllSquare Wealth Management LLC Trims Stock Position in Target Co. (NYSE:TGT)

AllSquare Wealth Management LLC reduced its stake in shares of Target Co. (NYSE:TGT) by 29.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239 shares of the retailer’s stock after selling 100 shares during the period. AllSquare Wealth Management LLC’s holdings in Target were worth $32,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TGT. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Target by 6.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 12,205 shares of the retailer’s stock valued at $1,650,000 after acquiring an additional 744 shares during the last quarter. HUB Investment Partners LLC boosted its stake in shares of Target by 27.0% during the 4th quarter. HUB Investment Partners LLC now owns 1,988 shares of the retailer’s stock worth $269,000 after purchasing an additional 423 shares during the last quarter. Symmetry Partners LLC purchased a new stake in shares of Target during the fourth quarter worth about $204,000. TAP Consulting LLC raised its position in shares of Target by 4.4% in the fourth quarter. TAP Consulting LLC now owns 16,099 shares of the retailer’s stock valued at $2,176,000 after buying an additional 681 shares during the last quarter. Finally, First National Bank of Hutchinson lifted its stake in shares of Target by 4.1% during the fourth quarter. First National Bank of Hutchinson now owns 5,631 shares of the retailer’s stock valued at $761,000 after buying an additional 221 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of several recent analyst reports. Guggenheim lifted 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, 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 report on Wednesday, March 5th. Roth Mkm reiterated a “neutral” rating and set a $122.00 target price (down from $131.00) on shares of Target in a research report on Wednesday, March 5th. Truist Financial lowered their price target on Target from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $145.55.

Target Stock Down 0.7 %

Shares of Target stock opened at $104.19 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a 1-year low of $103.46 and a 1-year high of $181.86. The business has a 50-day moving average of $126.64 and a 200-day moving average of $138.47. The company has a market capitalization of $47.47 billion, a PE ratio of 11.05, a P/E/G ratio of 1.94 and a beta of 1.18.

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

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.30%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is currently 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.