Orion Portfolio Solutions LLC Sells 16,768 Shares of Target Co. (NYSE:TGT)

Orion Portfolio Solutions LLC cut its position in Target Co. (NYSE:TGT) by 33.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,822 shares of the retailer’s stock after selling 16,768 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Target were worth $4,437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC bought a new position in shares of Target during the third quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new position in Target during the 4th quarter worth $29,000. MCF Advisors LLC lifted its position in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. grew its holdings in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of Target in the third quarter worth $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT opened at $103.63 on Monday. The firm’s fifty day simple moving average is $122.96 and its two-hundred day simple moving average is $136.39. Target Co. has a 12 month low of $101.76 and a 12 month high of $181.86. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $47.21 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. As a group, analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors 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 yield of 4.32%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is presently 50.56%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TGT. Oppenheimer cut their price objective on shares of Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Roth Mkm reissued a “neutral” rating and issued a $122.00 price objective (down from $131.00) on shares of Target in a research note on Wednesday, March 5th. Roth Capital set a $122.00 target price on Target in a research note on Wednesday, March 5th. Guggenheim boosted their price target on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group reduced their price objective on Target from $165.00 to $150.00 and set a “buy” rating on the stock 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 issued a buy rating to the company’s stock. According to MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $143.40.

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.