Paragon Private Wealth Management LLC Trims Stock Position in Target Co. (NYSE:TGT)

Paragon Private Wealth Management LLC lessened its stake in shares of Target Co. (NYSE:TGT) by 29.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,771 shares of the retailer’s stock after selling 734 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in Target were worth $239,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Johnson Investment Counsel Inc. lifted its position in shares of Target by 4.8% during the 4th quarter. Johnson Investment Counsel Inc. now owns 13,230 shares of the retailer’s stock worth $1,788,000 after buying an additional 602 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Target by 6.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 63,780 shares of the retailer’s stock worth $8,622,000 after buying an additional 3,937 shares during the last quarter. Moran Wealth Management LLC lifted its position in shares of Target by 27.8% during the 4th quarter. Moran Wealth Management LLC now owns 52,224 shares of the retailer’s stock worth $7,060,000 after buying an additional 11,351 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in shares of Target by 3.4% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,702 shares of the retailer’s stock worth $1,738,000 after buying an additional 422 shares during the last quarter. Finally, Enterprise Financial Services Corp lifted its position in shares of Target by 8.0% during the 4th quarter. Enterprise Financial Services Corp now owns 2,882 shares of the retailer’s stock worth $390,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TGT. Piper Sandler reduced their price objective on shares of Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. DA Davidson reduced their price target on shares of Target from $153.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. TD Cowen reduced their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. UBS Group reduced their price target on shares of Target from $170.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Evercore ISI reduced their price target on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and an average target price of $145.87.

Target Stock Performance

NYSE:TGT opened at $113.74 on Tuesday. 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 Co. has a fifty-two week low of $111.84 and a fifty-two week high of $181.86. The stock has a market cap of $52.12 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The firm’s fifty day simple moving average is $131.63 and its 200-day simple moving average is $141.07.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were paid a $1.12 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.94%. Target’s payout ratio is 50.56%.

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.