Schrum Private Wealth Management LLC Lowers Stake in Target Co. (NYSE:TGT)

Schrum Private Wealth Management LLC lessened its holdings in Target Co. (NYSE:TGT) by 49.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,802 shares of the retailer’s stock after selling 1,792 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Target were worth $244,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of Target during the third quarter valued at $28,000. FSA Wealth Management LLC purchased a new stake in shares of Target during the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC purchased a new position in Target in the 3rd quarter worth approximately $38,000. MCF Advisors LLC increased its holdings in shares of Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after purchasing an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of NYSE:TGT opened at $116.70 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52 week low of $112.53 and a 52 week high of $181.86. The firm has a fifty day simple moving average of $132.91 and a two-hundred day simple moving average of $141.92. The stock has a market capitalization of $53.47 billion, a P/E ratio of 12.38, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. On average, analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were paid a $1.12 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.84%. Target’s dividend payout ratio is currently 50.56%.

Analyst Ratings Changes

Several research firms recently commented on TGT. Oppenheimer reiterated an “outperform” rating and issued a $165.00 price objective on shares of Target in a report on Monday, November 25th. BMO Capital Markets lowered their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $170.00 to $130.00 in a research report on Tuesday, November 26th. Wells Fargo & Company dropped their price target on Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and an average price target of $148.23.

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.