Target Co. (NYSE:TGT) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC reduced its stake in shares of Target Co. (NYSE:TGT) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,194 shares of the retailer’s stock after selling 1,950 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Target were worth $2,865,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TGT. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter valued at $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 valued at $34,000 after acquiring an additional 133 shares during the last quarter. MCF Advisors LLC grew its holdings in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the period. FSA Wealth Management LLC acquired a new stake in Target during the third quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Target during the third quarter worth about $38,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TGT. Stifel Nicolaus increased their price target on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research note on Wednesday, November 20th. BMO Capital Markets decreased their price target on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Finally, Guggenheim upped their target price on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $158.57.

Target Stock Up 1.1 %

Shares of NYSE:TGT opened at $137.24 on Friday. 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 firm has a 50 day simple moving average of $134.98 and a 200-day simple moving average of $144.94. The company has a market capitalization of $62.89 billion, a PE ratio of 14.55, a P/E/G ratio of 2.23 and a beta of 1.16. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86.

Target (NYSE:TGT) last issued 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). The firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 EPS. On average, equities analysts predict that Target Co. will post 8.68 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.26%. Target’s payout ratio is 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.