Global Trust Asset Management LLC Cuts Stake in Target Co. (NYSE:TGT)

Global Trust Asset Management LLC lessened its stake in shares of Target Co. (NYSE:TGT) by 27.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 532 shares of the retailer’s stock after selling 201 shares during the period. Global Trust Asset Management LLC’s holdings in Target were worth $72,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Advisory Alpha LLC bought a new stake in shares of Target in the 4th quarter worth approximately $277,000. XML Financial LLC raised its stake in shares of Target by 20.9% in the fourth quarter. XML Financial LLC now owns 3,026 shares of the retailer’s stock valued at $409,000 after buying an additional 523 shares during the period. Sheets Smith Wealth Management lifted its position in shares of Target by 15.7% during the 4th quarter. Sheets Smith Wealth Management now owns 1,838 shares of the retailer’s stock valued at $248,000 after buying an additional 250 shares during the last quarter. MCF Advisors LLC grew its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the period. Finally, Bourgeon Capital Management LLC purchased a new stake in Target in the 4th quarter worth about $204,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TGT shares. Oppenheimer reiterated an “outperform” rating and set a $165.00 target price on shares of Target in a research report on Monday, November 25th. JPMorgan Chase & Co. lowered their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Wells Fargo & Company cut their price target on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Truist Financial boosted their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Finally, TD Cowen cut 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. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Target presently has an average rating of “Hold” and a consensus price target of $158.57.

Target Price Performance

Shares of Target stock opened at $135.74 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a one year low of $120.21 and a one year high of $181.86. The business’s 50 day simple moving average is $135.37 and its two-hundred day simple moving average is $145.01. The stock has a market capitalization of $62.20 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 2.17 and a beta of 1.16.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 earnings per share. Analysts forecast that Target Co. will post 8.68 EPS for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.30%. Target’s payout ratio is presently 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.