Target Co. (NYSE:TGT) Shares Sold by BKM Wealth Management LLC

BKM Wealth Management LLC trimmed its position in Target Co. (NYSE:TGT) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,912 shares of the retailer’s stock after selling 444 shares during the period. BKM Wealth Management LLC’s holdings in Target were worth $934,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TGT. Legacy Investment Solutions LLC acquired a new stake in Target in the 3rd quarter worth about $28,000. MCF Advisors LLC raised 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 buying an additional 163 shares during the period. Raleigh Capital Management Inc. raised its position in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares during the period. FSA Wealth Management LLC acquired a new position in Target during the third quarter worth $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Target during the third quarter worth $38,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TGT shares. Sanford C. Bernstein upped their price target on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 28th. Oppenheimer reissued an “outperform” rating and issued a $165.00 target price on shares of Target in a report on Monday, November 25th. Truist Financial raised their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Target in a report on Friday, January 17th. Finally, Wells Fargo & Company decreased their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $157.70.

Target Trading Down 0.6 %

Shares of TGT opened at $127.86 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a 50 day simple moving average of $135.11 and a 200-day simple moving average of $143.13. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The stock has a market cap of $58.58 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15.

Target (NYSE:TGT) last released 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 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. Equities analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

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

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.