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

Prentice Wealth Management LLC lowered its stake in shares of Target Co. (NYSE:TGT) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,672 shares of the retailer’s stock after selling 145 shares during the quarter. Prentice Wealth Management LLC’s holdings in Target were worth $226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TGT. Legacy Investment Solutions LLC purchased a new stake in Target during the 3rd quarter worth approximately $28,000. MCF Advisors LLC lifted 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 worth $35,000 after buying an additional 163 shares during the period. Raleigh Capital Management Inc. grew its holdings in shares of Target by 110.7% during the fourth 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 last quarter. FSA Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Target in the 3rd quarter valued at $38,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on TGT. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and lowered their price target for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. Sanford C. Bernstein lifted their target price on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Saturday. BMO Capital Markets decreased their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. Finally, Piper Sandler cut their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $157.70.

Target Trading Down 2.9 %

TGT stock opened at $124.40 on Friday. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86. The business’s 50-day moving average is $134.41 and its 200 day moving average is $142.67. 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 stock has a market cap of $57.00 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.98 and a beta of 1.15.

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

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.60%. Target’s dividend payout ratio (DPR) 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.