Clarity Wealth Advisors LLC Has $236,000 Position in Target Co. (NYSE:TGT)

Clarity Wealth Advisors LLC decreased its holdings in Target Co. (NYSE:TGT) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,743 shares of the retailer’s stock after selling 171 shares during the quarter. Clarity Wealth Advisors LLC’s holdings in Target were worth $236,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought 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% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after buying an additional 133 shares in the last quarter. MCF Advisors LLC raised its holdings in shares of Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in Target in the 3rd quarter valued at about $36,000. 79.73% of the stock is owned by institutional investors.

Target Stock Down 2.5 %

TGT stock opened at $131.29 on Friday. The business’s 50-day moving average is $135.24 and its two-hundred day moving average is $143.98. The company has a market cap of $60.16 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 2.24 and a beta of 1.15. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. 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 (NYSE:TGT) last issued 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 business had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.10 EPS. As a group, analysts forecast that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

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 given a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.41%. Target’s payout ratio is currently 47.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TGT shares. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. Oppenheimer reissued an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Wells Fargo & Company decreased their price objective on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price target on shares of Target in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Target has an average rating of “Hold” and an average price target of $157.70.

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.