Lodestone Wealth Management LLC Sells 510 Shares of Target Co. (NYSE:TGT)

Lodestone Wealth Management LLC decreased its holdings in shares of Target Co. (NYSE:TGT) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,621 shares of the retailer’s stock after selling 510 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Target were worth $1,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in Target in the third quarter worth approximately $28,000. Wolff Wiese Magana LLC boosted its position in 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 acquiring an additional 133 shares in the last quarter. FSA Wealth Management LLC bought a new stake in Target during the 3rd quarter valued at $36,000. Catalyst Capital Advisors LLC bought a new stake in Target during the 3rd quarter valued at $38,000. Finally, MCF Advisors LLC boosted its position in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

NYSE:TGT opened at $127.86 on Friday. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $58.58 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. The stock’s 50-day moving average price is $135.20 and its 200-day moving average price is $143.34.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the business earned $2.10 earnings per share. Target’s revenue was up .9% on a year-over-year basis. As a group, equities analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently disclosed 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. This represents a $4.48 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Analyst Upgrades and Downgrades

TGT has been the topic of several recent research reports. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their target price on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Sanford C. Bernstein increased their target price on Target from $139.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, January 28th. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a research report on Monday, November 25th. Finally, Piper Sandler decreased their price objective on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Target has an average rating of “Hold” and an average target price of $157.70.

Target Company 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.