Wellington Shields Capital Management LLC Has $466,000 Stock Holdings in Target Co. (NYSE:TGT)

Wellington Shields Capital Management LLC decreased its position in Target Co. (NYSE:TGT) by 20.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,450 shares of the retailer’s stock after selling 900 shares during the period. Wellington Shields Capital Management LLC’s holdings in Target were worth $466,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Target during the third quarter worth about $28,000. Hopwood Financial Services Inc. bought a new stake in Target during the 4th quarter worth approximately $29,000. MCF Advisors LLC raised its holdings in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the period. Raleigh Capital Management Inc. lifted its stake in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Target in the third quarter valued at approximately $36,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TGT. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lowered Target from a “buy” rating to a “hold” rating and cut their price target for the company from $184.00 to $108.00 in a report on Wednesday, November 20th. Truist Financial decreased their price objective on Target from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $145.87.

Target Stock Up 0.2 %

NYSE TGT opened at $104.71 on Friday. The business has a fifty day moving average price of $129.35 and a two-hundred day moving average price of $139.88. The stock has a market capitalization of $47.98 billion, a PE ratio of 11.10, a PEG ratio of 1.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a fifty-two week low of $103.46 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $30.83 billion. Equities analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.28%. Target’s dividend payout ratio is presently 50.56%.

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.