Capital Asset Advisory Services LLC Sells 1,155 Shares of Target Co. (NYSE:TGT)

Capital Asset Advisory Services LLC lowered its holdings in shares of Target Co. (NYSE:TGT) by 42.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,576 shares of the retailer’s stock after selling 1,155 shares during the period. Capital Asset Advisory Services LLC’s holdings in Target were worth $214,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Creative Planning grew its position in Target by 4.2% during the 2nd quarter. Creative Planning now owns 198,240 shares of the retailer’s stock worth $29,347,000 after acquiring an additional 7,978 shares during the last quarter. Silver Lake Advisory LLC purchased a new position in shares of Target in the second quarter worth $249,000. Kimelman & Baird LLC bought a new stake in Target during the 2nd quarter valued at $52,000. EP Wealth Advisors LLC boosted its position in Target by 54.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 14,052 shares of the retailer’s stock valued at $2,080,000 after buying an additional 4,944 shares during the period. Finally, Chase Investment Counsel Corp grew its holdings in Target by 9.1% in the 2nd quarter. Chase Investment Counsel Corp now owns 3,598 shares of the retailer’s stock worth $532,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TGT. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research note on Wednesday, November 20th. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Evercore ISI dropped their price target on Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. TD Cowen reduced their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Finally, Truist Financial raised their target price on shares of Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. One 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’s stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and an average price target of $158.57.

Target Stock Performance

Shares of TGT opened at $142.44 on Tuesday. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86. The business’s fifty day simple moving average is $134.37 and its two-hundred day simple moving average is $144.79. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company has a market cap of $65.27 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 2.21 and a beta of 1.16.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion during 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%. Target’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.10 earnings per share. Research analysts anticipate that Target Co. will post 8.68 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend 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.