Werba Rubin Papier Wealth Management Sells 186 Shares of Target Co. (NYSE:TGT)

Werba Rubin Papier Wealth Management decreased its holdings in Target Co. (NYSE:TGT) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,404 shares of the retailer’s stock after selling 186 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Target were worth $1,406,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new position in shares of Target during the third quarter worth approximately $28,000. 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 valued at $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. raised its position in shares of Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. FSA Wealth Management LLC bought a new stake in Target during the third quarter valued at about $36,000. Finally, Catalyst Capital Advisors LLC bought a new position in Target in the third quarter worth about $38,000. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TGT. TD Cowen decreased their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Piper Sandler cut their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Sanford C. Bernstein raised their price target on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. reduced their target price on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Target presently has an average rating of “Hold” and an average target price of $157.70.

Target Trading Up 1.7 %

Shares of TGT stock opened at $130.00 on Wednesday. The stock’s fifty day moving average is $134.86 and its two-hundred day moving average is $142.93. The firm has a market capitalization of $59.57 billion, a P/E ratio of 13.79, a PEG ratio of 1.94 and a beta of 1.15. 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 released its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 EPS. Research analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is currently 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.