Target Co. (NYSE:TGT) Shares Sold by Capital Management Associates Inc

Capital Management Associates Inc lowered its position in shares of Target Co. (NYSE:TGT) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,521 shares of the retailer’s stock after selling 186 shares during the period. Capital Management Associates Inc’s holdings in Target were worth $611,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in Target in the third quarter worth about $28,000. Wolff Wiese Magana LLC raised 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 buying an additional 133 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its holdings in shares of Target by 110.7% in the fourth 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. Finally, FSA Wealth Management LLC acquired a new position in shares of Target during the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price target on shares of Target in a research note on Monday, November 25th. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Truist Financial increased their target price on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Finally, Evercore ISI decreased their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $157.70.

Target Price Performance

Shares of Target stock opened at $131.29 on Friday. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The firm has a fifty day simple moving average of $135.24 and a 200-day simple moving average of $143.98. 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 stock has a market capitalization of $60.16 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.24 and a beta of 1.15.

Target (NYSE:TGT) last issued its quarterly earnings results 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 net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same period in the prior year, the business posted $2.10 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.41%. Target’s dividend payout ratio is 47.51%.

Target Company Profile

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.