Target Co. (NYSE:TGT) Shares Sold by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management cut its position in Target Co. (NYSE:TGT) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,404 shares of the retailer’s stock after selling 186 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Target were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of TGT. Legacy Investment Solutions LLC purchased a new stake in Target during the 3rd quarter worth about $28,000. MCF Advisors LLC increased its holdings in 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 buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. boosted 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 worth $35,000 after acquiring 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 $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Target during the third quarter worth about $38,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TGT shares. Roth Mkm lowered their price target on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. Citigroup boosted their target price on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded Target from a “buy” rating to a “hold” rating and cut their price target for the stock from $184.00 to $108.00 in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $157.70.

Target Stock Up 1.7 %

TGT stock opened at $130.00 on Wednesday. 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 firm has a market capitalization of $59.57 billion, a PE ratio of 13.79, a P/E/G ratio of 1.94 and a beta of 1.15. The stock’s 50 day moving average is $134.86 and its 200-day moving average is $142.93. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86.

Target (NYSE:TGT) last posted 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the business posted $2.10 EPS. Target’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts expect 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 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 annualized dividend and a dividend yield of 3.45%. Target’s dividend payout ratio is currently 47.51%.

Target 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.