Lokken Investment Group LLC Sells 156 Shares of Target Co. (NYSE:TGT)

Lokken Investment Group LLC decreased its stake in Target Co. (NYSE:TGT) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,791 shares of the retailer’s stock after selling 156 shares during the quarter. Lokken Investment Group LLC’s holdings in Target were worth $1,188,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in Target during the third quarter valued at $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Target during 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 worth $35,000 after purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. grew its holdings in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in Target in the 3rd quarter worth about $36,000. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TGT. The Goldman Sachs Group dropped their target price on Target from $166.00 to $142.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Sanford C. Bernstein restated a “market perform” rating on shares of Target in a report on Wednesday, March 5th. Oppenheimer reduced their target price on Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. lowered their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Finally, Truist Financial reduced their price target on shares of Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $143.40.

Target Stock Performance

Shares of TGT opened at $104.34 on Tuesday. Target Co. has a 12 month low of $100.50 and a 12 month high of $181.86. The stock has a fifty day moving average price of $122.37 and a 200-day moving average price of $136.08. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm has a market cap of $47.53 billion, a PE ratio of 11.06, a P/E/G ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Equities research analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.29%. Target’s dividend payout ratio (DPR) 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.