Catalyst Financial Partners LLC Sells 137 Shares of Target Co. (NYSE:TGT)

Catalyst Financial Partners LLC lessened its holdings in shares of Target Co. (NYSE:TGT) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,526 shares of the retailer’s stock after selling 137 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Target were worth $206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning increased its stake in Target by 10.3% in the 3rd quarter. Creative Planning now owns 218,600 shares of the retailer’s stock worth $32,247,000 after acquiring an additional 20,360 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Target by 12.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 34,210 shares of the retailer’s stock worth $5,332,000 after acquiring an additional 3,875 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in Target by 41.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 6,212 shares of the retailer’s stock worth $968,000 after acquiring an additional 1,817 shares during the last quarter. Finally, One Wealth Advisors LLC bought a new stake in Target in the 3rd quarter worth approximately $207,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of research reports. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Bank of America dropped their target price on Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Sanford C. Bernstein lifted their target price on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. HSBC cut Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and dropped their target price for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $157.70.

Target Trading Down 0.6 %

TGT opened at $127.86 on Friday. The firm has a market cap of $58.58 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 2.04 and a beta of 1.15. 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 $120.21 and a 12 month high of $181.86. The stock has a fifty day moving average price of $135.20 and a 200-day moving average price of $143.34.

Target (NYSE:TGT) last released its quarterly 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 company 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 was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.10 earnings per share. As a group, equities research analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 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.