UP Strategic Wealth Investment Advisors LLC Lowers Holdings in Target Co. (NYSE:TGT)

UP Strategic Wealth Investment Advisors LLC reduced its position in Target Co. (NYSE:TGT) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,499 shares of the retailer’s stock after selling 275 shares during the quarter. UP Strategic Wealth Investment Advisors LLC’s holdings in Target were worth $203,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Hopwood Financial Services Inc. purchased a new stake in shares of Target in the 4th quarter worth approximately $29,000. Bernard Wealth Management Corp. bought a new position in Target in the fourth quarter worth approximately $30,000. MCF Advisors LLC lifted 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 during the period. Raleigh Capital Management Inc. boosted its position in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC increased its holdings in shares of Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock valued at $35,000 after acquiring an additional 85 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TGT has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price objective on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Telsey Advisory Group cut their price objective on shares of Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Oppenheimer decreased their target price on shares of Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Truist Financial cut their price target on shares of Target from $124.00 to $82.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. Finally, Piper Sandler lowered their price objective on Target from $132.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Target presently has a consensus rating of “Hold” and an average price target of $132.37.

Target Price Performance

Shares of NYSE TGT opened at $95.32 on Friday. 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 firm’s 50 day simple moving average is $106.25 and its 200-day simple moving average is $128.31. Target Co. has a 12 month low of $87.35 and a 12 month high of $167.40. The stock has a market capitalization of $43.43 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.70%. Target’s dividend payout ratio is currently 50.56%.

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.