Plan Group Financial LLC Sells 2,479 Shares of Target Co. (NYSE:TGT)

Plan Group Financial LLC lowered its position in shares of Target Co. (NYSE:TGT) by 52.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,279 shares of the retailer’s stock after selling 2,479 shares during the quarter. Plan Group Financial LLC’s holdings in Target were worth $308,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in Target during the third quarter worth about $28,000. MCF Advisors LLC lifted its holdings 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 purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings 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 purchasing an additional 135 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter valued at approximately $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Target during the 3rd quarter worth approximately $38,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

TGT stock opened at $130.00 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The firm has a 50 day moving average price of $134.86 and a 200-day moving average price of $142.93. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The firm has a market capitalization of $59.57 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 2.04 and a beta of 1.15.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the prior year, the company posted $2.10 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Target Co. will post 8.69 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 given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Analysts Set New Price Targets

A number of research analysts have weighed in on TGT shares. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and cut their price target for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup increased their target price on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Truist Financial boosted their price target on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. Finally, HSBC downgraded Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a report on Wednesday, November 20th. One 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $157.70.

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.