FSM Wealth Advisors LLC Lowers Holdings in Target Co. (NYSE:TGT)

FSM Wealth Advisors LLC reduced its position in shares of Target Co. (NYSE:TGT) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,622 shares of the retailer’s stock after selling 152 shares during the period. FSM Wealth Advisors LLC’s holdings in Target were worth $216,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TGT. Legacy Investment Solutions LLC bought a new position in Target in the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC increased its position in shares of Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in Target in the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC bought a new stake in Target during the third quarter valued at approximately $38,000. Finally, MCF Advisors LLC grew its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TGT. TD Cowen lowered their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Wells Fargo & Company dropped their price target on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Bank of America reduced their price objective on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. BMO Capital Markets dropped their target price 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. Finally, Evercore ISI reduced their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $157.70.

Target Stock Down 2.7 %

Shares of NYSE:TGT opened at $134.24 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The firm has a market capitalization of $61.51 billion, a P/E ratio of 14.24, a P/E/G ratio of 2.24 and a beta of 1.16. The stock has a 50 day moving average price of $134.80 and a 200-day moving average price of $144.33.

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 firm had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.10 EPS. As a group, equities research analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Wednesday, February 12th. 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.