Integrated Wealth Concepts LLC Decreases Stake in Target Co. (NYSE:TGT)

Integrated Wealth Concepts LLC cut its holdings in shares of Target Co. (NYSE:TGT) by 22.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,186 shares of the retailer’s stock after selling 5,993 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Target were worth $2,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hopwood Financial Services Inc. bought a new position in Target in the 4th quarter worth approximately $29,000. Bernard Wealth Management Corp. bought a new stake in Target during the 4th quarter valued at $30,000. MCF Advisors LLC lifted its position in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC grew its position in shares of Target by 47.5% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of a number of recent research reports. UBS Group dropped their price objective on Target from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Bank of America lowered their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Telsey Advisory Group reduced their price objective on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday, March 5th. Guggenheim increased their target price on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Cfra Research lowered shares of Target from a “moderate buy” rating to a “hold” rating in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $132.37.

Target Stock Up 1.5 %

NYSE TGT opened at $96.71 on Friday. The business’s 50-day moving average is $105.58 and its 200 day moving average is $127.75. The stock has a market capitalization of $44.06 billion, a PE ratio of 10.26, a PEG ratio of 1.94 and a beta of 1.28. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a 1 year low of $87.35 and a 1 year high of $167.40.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Sell-side analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.63%. Target’s dividend payout ratio (DPR) is presently 50.56%.

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.