Target Co. (NYSE:TGT) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC trimmed its position in Target Co. (NYSE:TGT) by 6.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,773 shares of the retailer’s stock after selling 441 shares during the period. Compass Wealth Management LLC’s holdings in Target were worth $916,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TGT. Thrivent Financial for Lutherans increased its stake in Target by 39.9% during the second quarter. Thrivent Financial for Lutherans now owns 27,535 shares of the retailer’s stock valued at $4,076,000 after purchasing an additional 7,860 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Target by 75.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 17,872 shares of the retailer’s stock valued at $2,646,000 after buying an additional 7,699 shares during the last quarter. AXA S.A. raised its stake in Target by 5.1% during the second quarter. AXA S.A. now owns 107,751 shares of the retailer’s stock worth $15,951,000 after acquiring an additional 5,184 shares during the period. AQR Capital Management LLC lifted its holdings in Target by 711.2% in the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock worth $129,762,000 after acquiring an additional 768,479 shares during the last quarter. Finally, MBB Public Markets I LLC grew its holdings in shares of Target by 173.3% during the second quarter. MBB Public Markets I LLC now owns 33,004 shares of the retailer’s stock valued at $4,886,000 after purchasing an additional 20,929 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Up 0.5 %

NYSE:TGT opened at $137.99 on Friday. The business’s fifty day moving average price is $134.37 and its 200 day moving average price is $144.82. The firm has a market capitalization of $63.23 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 2.21 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Target’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 EPS. On average, sell-side analysts forecast that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is currently 47.51%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Daiwa America lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Roth Mkm reduced their price target on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Hsbc Global Res cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Sanford C. Bernstein assumed coverage on shares of Target in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $168.00 target price for the company. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $150.00 price target on shares of Target in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Target has a consensus rating of “Hold” and a consensus price target of $158.57.

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.