Target Co. (NYSE:TGT) Stock Holdings Lowered by Xcel Wealth Management LLC

Xcel Wealth Management LLC lowered its position in shares of Target Co. (NYSE:TGT) by 30.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,635 shares of the retailer’s stock after selling 4,670 shares during the period. Xcel Wealth Management LLC’s holdings in Target were worth $1,438,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in Target in the 3rd quarter valued at about $28,000. MCF Advisors LLC grew its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. grew its position in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. FSA Wealth Management LLC bought a new position in Target in the 3rd quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Target during the 3rd quarter valued at about $38,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TGT shares. Sanford C. Bernstein raised their price objective on shares of Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, January 28th. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research report on Wednesday, November 20th. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Telsey Advisory Group restated an “outperform” rating and set a $150.00 price objective on shares of Target in a research report on Friday, January 17th. Finally, Truist Financial raised their price objective on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $157.93.

Target Price Performance

Shares of TGT opened at $124.37 on Friday. The firm has a market cap of $56.99 billion, a PE ratio of 13.19, a PEG ratio of 1.94 and a beta of 1.15. The firm’s 50 day moving average price is $133.77 and its 200 day moving average price is $142.35. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is presently 47.51%.

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.