RWA Wealth Partners LLC Trims Stake in Target Co. (NYSE:TGT)

RWA Wealth Partners LLC cut its position in shares of Target Co. (NYSE:TGT) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 111,038 shares of the retailer’s stock after selling 14,569 shares during the period. RWA Wealth Partners LLC’s holdings in Target were worth $15,010,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Nicholas Company Inc. grew its stake in shares of Target by 20.5% during the fourth quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer’s stock valued at $7,544,000 after buying an additional 9,485 shares during the last quarter. River Road Asset Management LLC grew its position in Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock valued at $31,699,000 after acquiring an additional 138,751 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in Target in the fourth quarter worth $6,459,000. Wilmington Savings Fund Society FSB lifted its position in shares of Target by 25.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after purchasing an additional 3,590 shares during the last quarter. Finally, Northeast Financial Group Inc. purchased a new stake in shares of Target during the fourth quarter valued at $1,566,000. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TGT has been the subject of a number of research analyst reports. Truist Financial decreased their price objective on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Roth Capital set a $122.00 price objective on Target in a research note on Wednesday, March 5th. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Bank of America cut their price target on Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group lowered their price objective on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and an average price target of $143.40.

Target Price Performance

NYSE:TGT opened at $103.63 on Friday. The firm’s fifty day moving average is $122.96 and its two-hundred day moving average is $136.46. The firm has a market cap of $47.21 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a one year low of $101.76 and a one year high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last announced its quarterly earnings results 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. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Research analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s payout ratio is currently 50.56%.

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.