Atlantic Edge Private Wealth Management LLC Sells 395 Shares of Target Co. (NYSE:TGT)

Atlantic Edge Private Wealth Management LLC lessened its position in Target Co. (NYSE:TGT) by 2.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,061 shares of the retailer’s stock after selling 395 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Target were worth $1,901,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in shares of Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after acquiring an additional 3,590 shares during the last quarter. Northeast Financial Group Inc. bought a new stake in shares of Target in the 4th quarter worth about $1,566,000. D.A. Davidson & CO. lifted its holdings in shares of Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after acquiring an additional 9,510 shares during the last quarter. Finally, Prana Capital Management LP lifted its holdings in Target by 47.5% during the 3rd quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after buying an additional 69,885 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT opened at $131.34 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company has a 50 day simple moving average of $135.22 and a two-hundred day simple moving average of $143.78. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The stock has a market cap of $60.18 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 2.04 and a beta of 1.15.

Target (NYSE:TGT) last posted 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 firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the prior year, the firm earned $2.10 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts predict that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of research analyst reports. Roth Mkm decreased their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 price objective on shares of Target in a report on Friday, January 17th. Truist Financial lifted their price objective on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. JPMorgan Chase & Co. decreased their price objective 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, Stifel Nicolaus lifted their price objective on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and an average price target of $157.70.

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.