Acropolis Investment Management LLC Sells 426 Shares of Target Co. (NYSE:TGT)

Acropolis Investment Management LLC lowered its position in shares of Target Co. (NYSE:TGT) by 5.3% in the fourth quarter, HoldingsChannel reports. The fund owned 7,549 shares of the retailer’s stock after selling 426 shares during the period. Acropolis Investment Management LLC’s holdings in Target were worth $1,020,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in Target by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after purchasing an additional 490 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after buying an additional 9,510 shares during the period. Prana Capital Management LP raised its stake in shares of Target by 47.5% during the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock worth $33,834,000 after buying an additional 69,885 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new position in Target in the third quarter valued at approximately $967,000. Finally, Leibman Financial Services Inc. acquired a new stake in Target during the 4th quarter worth $2,272,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TGT shares. Hsbc Global Res lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Melius Research assumed coverage on Target in a report on Monday, September 23rd. They set a “buy” rating and a $180.00 target price on the stock. Piper Sandler lowered their price target on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Wells Fargo & Company reduced their price objective on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 target price on shares of Target in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $160.57.

Target Trading Down 1.9 %

Target stock opened at $136.18 on Wednesday. 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 has a 50-day moving average of $137.06 and a 200-day moving average of $145.39. The company has a market cap of $62.40 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 2.21 and a beta of 1.16. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $2.10 earnings per share. On average, equities analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.29%. Target’s dividend payout ratio is currently 47.51%.

Target 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.