Compass Wealth Management LLC Has $916,000 Stock Position in Target Co. (NYSE:TGT)

Compass Wealth Management LLC reduced its stake in shares of Target Co. (NYSE:TGT) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,773 shares of the retailer’s stock after selling 441 shares during the period. Compass Wealth Management LLC’s holdings in Target were worth $916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Monte Financial Group LLC raised its stake in shares of Target by 6.8% in the 4th quarter. Monte Financial Group LLC now owns 54,411 shares of the retailer’s stock valued at $7,355,000 after acquiring an additional 3,479 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in Target by 1.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 10,288 shares of the retailer’s stock valued at $1,391,000 after purchasing an additional 190 shares during the last quarter. Cyndeo Wealth Partners LLC raised its position in shares of Target by 4.5% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 5,232 shares of the retailer’s stock valued at $707,000 after purchasing an additional 227 shares during the period. Pflug Koory LLC lifted its stake in shares of Target by 0.9% in the fourth quarter. Pflug Koory LLC now owns 14,098 shares of the retailer’s stock worth $1,906,000 after buying an additional 128 shares during the last quarter. Finally, Gradient Investments LLC boosted its holdings in shares of Target by 30.6% during the 4th quarter. Gradient Investments LLC now owns 221,061 shares of the retailer’s stock worth $29,883,000 after buying an additional 51,794 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup boosted their target price on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. BMO Capital Markets cut their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Truist Financial raised their target price on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. Daiwa Capital Markets lowered Target from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Finally, Evercore ISI lowered their price objective on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Target presently has an average rating of “Hold” and an average target price of $158.57.

Target Stock Up 0.5 %

NYSE:TGT opened at $137.99 on Friday. The company has a market cap of $63.23 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 2.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock’s fifty day moving average price is $134.37 and its two-hundred day moving average price is $144.82. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86.

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 the consensus estimate of $2.30 by ($0.45). The firm 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 company’s revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $2.10 EPS. On average, analysts anticipate that Target Co. will post 8.68 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio is 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.