Net Worth Advisory Group Reduces Position in Target Co. (NYSE:TGT)

Net Worth Advisory Group lessened its stake in shares of Target Co. (NYSE:TGT) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,149 shares of the retailer’s stock after selling 1,118 shares during the period. Net Worth Advisory Group’s holdings in Target were worth $966,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Impax Asset Management Group plc boosted its holdings in shares of Target by 8.6% in the 3rd quarter. Impax Asset Management Group plc now owns 241,447 shares of the retailer’s stock valued at $37,632,000 after acquiring an additional 19,095 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Target in the 3rd quarter valued at $1,157,000. Verdence Capital Advisors LLC boosted its holdings in shares of Target by 3.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,358 shares of the retailer’s stock valued at $523,000 after acquiring an additional 103 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Target by 20.6% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,777 shares of the retailer’s stock valued at $589,000 after acquiring an additional 645 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC purchased a new stake in shares of Target in the 3rd quarter valued at $501,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 1.2 %

Shares of TGT opened at $113.74 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12-month low of $111.84 and a 12-month high of $181.86. The firm has a 50-day moving average price of $131.63 and a 200 day moving average price of $141.07. The firm has a market capitalization of $52.12 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $30.83 billion. Sell-side analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 50.56%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. Roth Capital set a $122.00 target price on shares of Target in a research note on Wednesday, March 5th. Guggenheim boosted their target price on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Finally, Telsey Advisory Group decreased their target price on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $145.87.

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.