Heritage Wealth Advisors Reduces Stock Position in Target Co. (NYSE:TGT)

Heritage Wealth Advisors decreased its holdings in shares of Target Co. (NYSE:TGT) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,116 shares of the retailer’s stock after selling 361 shares during the period. Heritage Wealth Advisors’ holdings in Target were worth $421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in Target in the third quarter worth $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Target in the 4th quarter worth about $29,000. MCF Advisors LLC boosted its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. increased its position 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 period. Finally, FSA Wealth Management LLC bought a new position in Target in the third quarter worth about $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TGT shares. Roth Mkm reissued a “neutral” rating and issued a $122.00 target price (down previously from $131.00) on shares of Target in a research report on Wednesday, March 5th. Roth Capital set a $122.00 price target on shares of Target in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. UBS Group lowered their target price on shares of Target from $170.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $170.00 to $130.00 in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $145.55.

Target Stock Performance

Shares of TGT opened at $105.37 on Wednesday. The business has a 50-day simple moving average of $124.66 and a two-hundred day simple moving average of $137.30. 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 52 week low of $101.76 and a 52 week high of $181.86. The stock has a market cap of $48.00 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The company 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%. On average, analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.25%. Target’s payout ratio is presently 50.56%.

About Target

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.