Regent Peak Wealth Advisors LLC Lowers Holdings in Target Co. (NYSE:TGT)

Regent Peak Wealth Advisors LLC trimmed its position in shares of Target Co. (NYSE:TGT) by 23.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,948 shares of the retailer’s stock after selling 592 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Target were worth $263,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TGT. Legacy Investment Solutions LLC purchased a new position in Target during the 3rd quarter valued at about $28,000. Wolff Wiese Magana LLC increased its stake in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares in the last quarter. FSA Wealth Management LLC purchased a new position in Target during the third quarter valued at $36,000. Catalyst Capital Advisors LLC bought a new position in Target in the 3rd quarter worth about $38,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Target during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.3 %

NYSE:TGT opened at $133.62 on Tuesday. The firm’s 50 day moving average is $136.13 and its 200 day moving average is $145.15. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The stock has a market capitalization of $61.22 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

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

Target Dividend Announcement

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

Wall Street Analysts Forecast Growth

TGT has been the topic of several research analyst reports. Citigroup upped their target price on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday. Piper Sandler reduced their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Melius Research began coverage on Target in a report on Monday, September 23rd. They issued a “buy” rating and a $180.00 price target on the stock. Guggenheim dropped their target price on Target from $180.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, Truist Financial boosted their price objective on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.