Moloney Securities Asset Management LLC Sells 397 Shares of Target Co. (NYSE:TGT)

Moloney Securities Asset Management LLC lowered its stake in shares of Target Co. (NYSE:TGT) by 13.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,454 shares of the retailer’s stock after selling 397 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Target were worth $332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in Target during the third quarter valued at $28,000. Wolff Wiese Magana LLC lifted its stake in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the last quarter. MCF Advisors LLC boosted its stake in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its position in Target by 110.7% in 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. Finally, FSA Wealth Management LLC purchased a new position in shares of Target during the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TGT shares. TD Cowen dropped their price objective on Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. JPMorgan Chase & Co. decreased their price objective on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Stifel Nicolaus increased their target price on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a report on Wednesday, November 20th. Finally, Guggenheim increased their price objective on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $157.70.

Target Trading Down 0.0 %

Shares of NYSE:TGT opened at $131.34 on Tuesday. The business has a 50-day moving average price of $135.22 and a 200-day moving average price of $143.78. 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 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.

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

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is currently 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.