Target Co. (NYSE:TGT) Shares Sold by WR Wealth Planners LLC

WR Wealth Planners LLC reduced its position in shares of Target Co. (NYSE:TGT) by 44.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 292 shares of the retailer’s stock after selling 236 shares during the period. WR Wealth Planners LLC’s holdings in Target were worth $39,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the third quarter worth about $28,000. MCF Advisors LLC grew its stake in 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 purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in 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 during the last quarter. FSA Wealth Management LLC purchased a new stake in Target during the 3rd quarter worth approximately $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Target in the 3rd quarter valued at approximately $38,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TGT. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. Guggenheim boosted their target price on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Piper Sandler decreased their price target on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Citigroup upped their price objective on Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus price target of $157.93.

Target Price Performance

NYSE TGT opened at $124.37 on Monday. The firm has a market capitalization of $56.99 billion, a PE ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15. 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 12 month low of $120.21 and a 12 month high of $181.86. The company’s 50 day simple moving average is $133.77 and its 200 day simple moving average is $142.43.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Wednesday, February 12th. Target’s dividend 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.