Atria Wealth Solutions Inc. Sells 1,285 Shares of Target Co. (NYSE:TGT)

Atria Wealth Solutions Inc. lowered its stake in shares of Target Co. (NYSE:TGT) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,224 shares of the retailer’s stock after selling 1,285 shares during the period. Atria Wealth Solutions Inc.’s holdings in Target were worth $4,356,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TGT. State Street Corp boosted its stake in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. FMR LLC lifted its holdings in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after buying an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Target by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after acquiring an additional 130,691 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Target by 1.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock valued at $517,620,000 after acquiring an additional 62,916 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Target by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer’s stock valued at $475,914,000 after acquiring an additional 56,695 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Down 1.9 %

Shares of Target stock opened at $128.20 on Friday. The company’s 50 day moving average price is $134.61 and its 200-day moving average price is $142.74. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. 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 has a market capitalization of $58.74 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.97 and a beta of 1.15.

Target (NYSE:TGT) last announced 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). The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $2.10 EPS. Equities research analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.49%. Target’s payout ratio is presently 47.51%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TGT. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Sanford C. Bernstein lifted their price objective on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, January 28th. Citigroup boosted their target price on Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Roth Mkm lowered their price target on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Finally, Truist Financial boosted their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $157.70.

Target Company 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.