Target Co. (NYSE:TGT) Stock Position Cut by Lyell Wealth Management LP

Lyell Wealth Management LP lessened its stake in Target Co. (NYSE:TGT) by 68.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,886 shares of the retailer’s stock after selling 24,032 shares during the period. Lyell Wealth Management LP’s holdings in Target were worth $1,472,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TGT. Legacy Investment Solutions LLC bought a new position in shares of Target during the 3rd quarter valued at about $28,000. MCF Advisors LLC boosted 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 purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted 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 purchasing an additional 135 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Target during the 3rd quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Target during the 3rd quarter valued at about $38,000. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. 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 report on Wednesday, November 20th. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, TD Cowen decreased their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Trading Up 1.7 %

NYSE:TGT opened at $130.00 on Wednesday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The firm has a market cap of $59.57 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 1.94 and a beta of 1.15. 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 50 day moving average is $134.86 and its 200-day moving average is $142.93.

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

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is currently 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.