Revisor Wealth Management LLC Sells 517 Shares of Target Co. (NYSE:TGT)

Revisor Wealth Management LLC reduced its holdings in Target Co. (NYSE:TGT) by 25.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,504 shares of the retailer’s stock after selling 517 shares during the quarter. Revisor Wealth Management LLC’s holdings in Target were worth $202,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TGT. Hopwood Financial Services Inc. purchased a new position in shares of Target in the 4th quarter worth about $29,000. Bernard Wealth Management Corp. purchased a new position in shares of Target in the 4th quarter worth about $30,000. Legacy Investment Solutions LLC boosted its holdings in shares of Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer’s stock worth $35,000 after purchasing an additional 85 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Target in the 4th quarter worth about $36,000. Finally, Hager Investment Management Services LLC purchased a new position in shares of Target in the 4th quarter worth about $39,000. 79.73% of the stock is currently owned by institutional investors.

Target Trading Down 0.8%

TGT opened at $94.30 on Friday. The stock has a market cap of $42.85 billion, a PE ratio of 10.00, a PEG ratio of 1.94 and a beta of 1.27. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average of $97.28 and a 200-day moving average of $119.97. Target Co. has a 52 week low of $87.35 and a 52 week high of $167.40.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.35). The firm had revenue of $24.20 billion during the quarter, compared to analysts’ expectations of $24.54 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.03 EPS. Equities research analysts predict that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is presently 49.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TGT shares. BMO Capital Markets cut their price objective on Target from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Thursday. KGI Securities set a $132.00 target price on Target in a report on Wednesday, March 5th. Roth Mkm restated a “neutral” rating and set a $122.00 target price (down from $131.00) on shares of Target in a report on Wednesday, March 5th. Stifel Nicolaus dropped their target price on Target from $130.00 to $120.00 and set a “hold” rating for the company in a report on Thursday, March 20th. Finally, Wall Street Zen cut Target from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $117.97.

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.