Legacy Capital Wealth Partners LLC Has $226,000 Position in Target Co. (NYSE:TGT)

Legacy Capital Wealth Partners LLC reduced its position in shares of Target Co. (NYSE:TGT) by 48.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,670 shares of the retailer’s stock after selling 1,542 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Target were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Tanglewood Legacy Advisors LLC acquired a new stake in Target during the 4th quarter worth approximately $170,000. WealthPlan Investment Management LLC lifted its holdings in Target by 7.4% during the 4th quarter. WealthPlan Investment Management LLC now owns 2,277 shares of the retailer’s stock worth $308,000 after purchasing an additional 156 shares during the last quarter. Rhumbline Advisers lifted its holdings in Target by 0.3% during the 4th quarter. Rhumbline Advisers now owns 956,755 shares of the retailer’s stock worth $129,334,000 after purchasing an additional 2,638 shares during the last quarter. PUREfi Wealth LLC acquired a new stake in Target during the 4th quarter worth approximately $304,000. Finally, Blue Trust Inc. lifted its holdings in Target by 47.7% during the 4th quarter. Blue Trust Inc. now owns 4,983 shares of the retailer’s stock worth $674,000 after purchasing an additional 1,609 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Down 0.6 %

Shares of TGT stock opened at $127.86 on Tuesday. The stock has a market cap of $58.58 billion, a P/E ratio of 13.56, a PEG ratio of 2.04 and a beta of 1.15. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. 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 company’s fifty day simple moving average is $135.11 and its two-hundred day simple moving average is $143.13.

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

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.50%. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TGT. Truist Financial lifted their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. Sanford C. Bernstein lifted their price objective on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, January 28th. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Target in a report on Monday, November 25th. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company dropped their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and an average target price of $157.70.

About Target

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.