Regent Peak Wealth Advisors LLC Lowers Stock Holdings in Target Co. (NYSE:TGT)

Regent Peak Wealth Advisors LLC reduced its position in Target Co. (NYSE:TGT) by 23.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,948 shares of the retailer’s stock after selling 592 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Target were worth $263,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TGT. State Street Corp raised its position in Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. FMR LLC boosted its position in shares of Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Target by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after buying an additional 130,691 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Target by 6.8% during the second quarter. Legal & General Group Plc now owns 4,374,851 shares of the retailer’s stock valued at $647,652,000 after acquiring an additional 279,656 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Target by 1.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after buying an additional 62,916 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

TGT opened at $133.62 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The stock has a market cap of $61.22 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. The stock has a fifty day moving average price of $136.13 and a 200 day moving average price of $145.15. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target (NYSE:TGT) last announced 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). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same period in the prior year, the company posted $2.10 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Analysts forecast that Target Co. will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TGT shares. Roth Mkm decreased their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. decreased their price target on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. 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 report on Wednesday, November 20th. Finally, StockNews.com raised Target from a “hold” rating to a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $158.23.

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.