FSM Wealth Advisors LLC Has $216,000 Stock Position in Target Co. (NYSE:TGT)

FSM Wealth Advisors LLC cut its position in Target Co. (NYSE:TGT) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,622 shares of the retailer’s stock after selling 152 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Target were worth $216,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TGT. Thrivent Financial for Lutherans grew its position in Target by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after buying an additional 490 shares in the last quarter. Northeast Financial Group Inc. acquired a new position in shares of Target during the fourth quarter worth $1,566,000. D.A. Davidson & CO. boosted its holdings in shares of 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 acquiring an additional 9,510 shares in the last quarter. Prana Capital Management LP grew its holdings in shares of Target by 47.5% during the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after purchasing an additional 69,885 shares during the last quarter. Finally, Polianta Ltd grew its holdings in Target by 39.2% during the 4th quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock worth $1,392,000 after acquiring an additional 2,900 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Down 2.7 %

TGT opened at $134.24 on Tuesday. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company’s 50-day moving average is $134.80 and its 200 day moving average is $144.33. The firm has a market capitalization of $61.51 billion, a P/E ratio of 14.24, a PEG ratio of 2.24 and a beta of 1.16.

Target (NYSE:TGT) last announced 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 analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.10 EPS. Research analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 3.34%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of recent research reports. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Evercore ISI lowered their price objective on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. JPMorgan Chase & Co. reduced their target price on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Sanford C. Bernstein raised their price target on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company reduced their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $157.70.

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.