Kestra Private Wealth Services LLC Has $5.70 Million Stock Holdings in Target Co. (NYSE:TGT)

Kestra Private Wealth Services LLC grew its position in shares of Target Co. (NYSE:TGT) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,171 shares of the retailer’s stock after purchasing an additional 2,080 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Target were worth $5,701,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the third quarter worth $28,000. Wolff Wiese Magana LLC increased its position in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. MCF Advisors LLC lifted its holdings 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 purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in Target by 110.7% in the 4th 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 purchased a new position in shares of Target during the third quarter valued at approximately $36,000. 79.73% of the stock is owned by institutional investors.

Target Price Performance

Shares of Target stock opened at $131.29 on Monday. The company has a market capitalization of $60.16 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.04 and a beta of 1.15. 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 stock’s 50-day simple moving average is $135.22 and its 200-day simple moving average is $143.80. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.10 earnings per share. As a group, analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is presently 47.51%.

Analyst Ratings Changes

Several research firms have recently issued reports on TGT. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and reduced their target price for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. Wells Fargo & Company dropped their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Citigroup lifted their target price on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, Sanford C. Bernstein upped their target price on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $157.70.

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.