Janney Montgomery Scott LLC Trims Stock Holdings in Target Co. (NYSE:TGT)

Janney Montgomery Scott LLC lessened its position in shares of Target Co. (NYSE:TGT) by 4.1% during the 4th quarter, Holdings Channel reports. The firm owned 290,142 shares of the retailer’s stock after selling 12,414 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Target were worth $39,222,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of Target during the third quarter worth $28,000. Wolff Wiese Magana LLC grew its holdings in Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Target during the 3rd quarter worth approximately $36,000. Catalyst Capital Advisors LLC purchased a new position in shares of Target during the 3rd quarter valued at approximately $38,000. Finally, MCF Advisors LLC boosted its holdings in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Up 1.1 %

NYSE:TGT opened at $137.24 on Friday. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The stock’s fifty day moving average is $134.98 and its two-hundred day moving average is $144.94. The stock has a market capitalization of $62.89 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 2.23 and a beta of 1.16. 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 (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The firm 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%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.10 earnings per share. Research analysts anticipate that Target Co. will post 8.68 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.26%. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analyst Ratings Changes

Several research firms have recently issued reports on TGT. Sanford C. Bernstein began 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 on the stock. BMO Capital Markets decreased their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Truist Financial boosted their target price on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Oppenheimer reissued an “outperform” rating and set a $165.00 target price on shares of Target in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Target presently has an average rating of “Hold” and an average target price of $158.57.

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.