Target Co. (NYSE:TGT) Shares Sold by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC reduced its position in shares of Target Co. (NYSE:TGT) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,020 shares of the retailer’s stock after selling 995 shares during the period. Aaron Wealth Advisors LLC’s holdings in Target were worth $1,895,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TGT. Intech Investment Management LLC grew its position in shares of Target by 33.9% during the 2nd quarter. Intech Investment Management LLC now owns 53,968 shares of the retailer’s stock valued at $7,989,000 after buying an additional 13,678 shares during the last quarter. Ieq Capital LLC increased its position in Target by 21.2% in the second quarter. Ieq Capital LLC now owns 42,627 shares of the retailer’s stock worth $6,311,000 after buying an additional 7,468 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Target by 56.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 14,228 shares of the retailer’s stock valued at $2,106,000 after buying an additional 5,137 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Target by 3.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 3,506 shares of the retailer’s stock valued at $519,000 after purchasing an additional 131 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in Target by 0.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 980,103 shares of the retailer’s stock worth $145,094,000 after purchasing an additional 4,000 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Hsbc Global Res downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Roth Mkm reduced their price target on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. Oppenheimer reissued an “outperform” rating and set a $165.00 price target on shares of Target in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft downgraded shares of Target from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. Finally, Stifel Nicolaus raised their target price on shares of Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $158.23.

Target Price Performance

Shares of TGT opened at $133.62 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 company has a market capitalization of $61.22 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16. The business’s 50-day moving average is $136.13 and its 200-day moving average is $145.14. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts expect that Target Co. will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.35%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

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.