Transform Wealth LLC Trims Stake in Target Co. (NYSE:TGT)

Transform Wealth LLC lessened its position in Target Co. (NYSE:TGT) by 5.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,467 shares of the retailer’s stock after selling 131 shares during the period. Transform Wealth LLC’s holdings in Target were worth $334,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Lmcg Investments LLC boosted its position in shares of Target by 26.4% during the fourth quarter. Lmcg Investments LLC now owns 5,305 shares of the retailer’s stock valued at $717,000 after buying an additional 1,108 shares during the period. Aspiriant LLC raised its holdings in shares of Target by 10.4% in the fourth quarter. Aspiriant LLC now owns 1,618 shares of the retailer’s stock worth $219,000 after buying an additional 152 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Target by 0.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 74,477 shares of the retailer’s stock valued at $10,067,000 after acquiring an additional 664 shares during the period. Mitchell & Pahl Private Wealth LLC grew its position in Target by 17.6% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 11,459 shares of the retailer’s stock valued at $1,549,000 after acquiring an additional 1,716 shares during the last quarter. Finally, Martel Wealth Advisors Inc purchased a new stake in Target in the fourth quarter worth $406,000. 79.73% of the stock is currently owned by institutional investors.

Target Trading Up 2.7 %

Target stock opened at $137.28 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a market cap of $62.90 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.19 and a beta of 1.16. The stock has a 50-day moving average of $135.74 and a two-hundred day moving average of $145.07. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last announced 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 company 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 business’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 earned $2.10 earnings per share. On average, research analysts anticipate that Target Co. will post 8.62 EPS for the current fiscal year.

Target Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Bank of America lowered their price objective on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Wells Fargo & Company reduced their target price on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Sanford C. Bernstein assumed coverage on Target in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 price target for the company. Finally, Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus price target of $158.23.

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.