Proquility Private Wealth Partners LLC Has $300,000 Holdings in Target Co. (NYSE:TGT)

Proquility Private Wealth Partners LLC cut its position in Target Co. (NYSE:TGT) by 75.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,221 shares of the retailer’s stock after selling 6,784 shares during the quarter. Proquility Private Wealth Partners LLC’s holdings in Target were worth $300,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AE Wealth Management LLC raised its holdings in shares of Target by 45.4% in the 2nd quarter. AE Wealth Management LLC now owns 9,156 shares of the retailer’s stock valued at $1,356,000 after purchasing an additional 2,860 shares during the period. Pacer Advisors Inc. raised its stake in Target by 15.4% in the second quarter. Pacer Advisors Inc. now owns 36,052 shares of the retailer’s stock valued at $5,337,000 after buying an additional 4,811 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Target by 39.9% in the second quarter. Thrivent Financial for Lutherans now owns 27,535 shares of the retailer’s stock valued at $4,076,000 after buying an additional 7,860 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Target by 159.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,698 shares of the retailer’s stock worth $1,584,000 after acquiring an additional 6,575 shares during the period. Finally, Epoch Investment Partners Inc. acquired a new position in shares of Target during the 2nd quarter worth approximately $1,865,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. 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 report on Thursday, November 21st. TD Cowen decreased their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Evercore ISI lowered their price target on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Bank of America decreased their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, Guggenheim dropped their price target on Target from $180.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus price target of $158.23.

Target Stock Performance

NYSE TGT opened at $137.28 on Wednesday. The firm’s fifty day moving average price is $135.74 and its two-hundred day moving average price is $145.07. The stock has a market cap of $62.90 billion, a PE ratio of 14.56, a PEG ratio of 2.19 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share 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 firm had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same quarter in the prior year, the firm earned $2.10 EPS. The company’s revenue was up .9% on a year-over-year basis. On average, equities analysts expect that Target Co. will post 8.62 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders 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 yield of 3.26%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Target Company 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.