Steward Partners Investment Advisory LLC Has $7.45 Million Stake in Target Co. (NYSE:TGT)

Steward Partners Investment Advisory LLC lowered its stake in Target Co. (NYSE:TGT) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,105 shares of the retailer’s stock after selling 1,089 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Target were worth $7,449,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TGT. Legacy Investment Solutions LLC acquired a new stake in Target in the 3rd quarter worth approximately $28,000. MCF Advisors LLC raised its position 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. Raleigh Capital Management Inc. lifted its stake in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter worth $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Target in the 3rd quarter valued at $38,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TGT. Roth Mkm restated a “neutral” rating and set a $122.00 price target (down from $131.00) on shares of Target in a report on Wednesday. TD Cowen decreased their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lowered 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 report on Wednesday, November 20th. Finally, Jefferies Financial Group lowered their price objective on shares of Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $148.23.

Target Price Performance

Target stock opened at $116.70 on Thursday. Target Co. has a 52 week low of $112.53 and a 52 week high of $181.86. The firm has a market cap of $53.47 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.94 and a beta of 1.18. 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 business’s fifty day moving average is $132.91 and its two-hundred day moving average is $141.92.

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

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 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.