SRS Capital Advisors Inc. Decreases Stake in Target Co. (NYSE:TGT)

SRS Capital Advisors Inc. cut its holdings in shares of Target Co. (NYSE:TGT) by 29.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 791 shares of the retailer’s stock after selling 332 shares during the period. SRS Capital Advisors Inc.’s holdings in Target were worth $107,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its stake in shares of Target by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after purchasing an additional 3,590 shares during the last quarter. Northeast Financial Group Inc. bought a new stake in Target in the 4th quarter worth approximately $1,566,000. D.A. Davidson & CO. raised its stake in Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock valued at $18,619,000 after buying an additional 9,510 shares during the last quarter. Finally, LMG Wealth Partners LLC bought a new position in shares of Target during the 4th quarter valued at $1,438,000. 79.73% of the stock is currently owned by institutional investors.

Target Trading Down 0.4 %

TGT stock opened at $116.70 on Thursday. The firm’s fifty day simple moving average is $132.91 and its two-hundred day simple moving average is $141.92. The stock has a market capitalization of $53.47 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. 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 twelve month low of $112.53 and a twelve month high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating the consensus estimate of $2.24 by $0.17. The company 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%. As a group, analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio is currently 50.56%.

Wall Street Analyst Weigh In

Several analysts recently commented on TGT shares. Sanford C. Bernstein lifted their price objective on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. Wells Fargo & Company cut their price target on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Wednesday, November 20th. Truist Financial decreased their price target on shares of Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $122.00 price objective (down from $131.00) on shares of Target in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $148.23.

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.