Kingswood Wealth Advisors LLC Cuts Holdings in Target Co. (NYSE:TGT)

Kingswood Wealth Advisors LLC lessened its holdings in Target Co. (NYSE:TGT) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,524 shares of the retailer’s stock after selling 1,419 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Target were worth $1,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Target during the 3rd quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its stake in shares of Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the period. FSA Wealth Management LLC bought a new position in Target in the 3rd quarter worth about $36,000. Catalyst Capital Advisors LLC purchased a new position in Target during the 3rd quarter valued at about $38,000. Finally, MCF Advisors LLC lifted its holdings in shares of Target by 175.3% in 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 3.3 %

Target stock opened at $142.44 on Tuesday. The company has a market capitalization of $65.27 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. 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 fifty-two week low of $120.21 and a fifty-two week high of $181.86. The firm has a 50 day moving average price of $134.37 and a 200 day moving average price of $144.79.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate 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 net margin of 4.06% and a return on equity of 31.11%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 EPS. Research analysts expect that Target Co. will post 8.68 earnings per share for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a dividend yield of 3.15%. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TGT shares. Piper Sandler reduced their price target on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a report on Monday, November 25th. Bank of America dropped their price target on Target from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Truist Financial raised their price objective on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. Finally, Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus price target 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.