Silicon Valley Capital Partners Has $394,000 Stock Position in Target Co. (NYSE:TGT)

Silicon Valley Capital Partners cut its position in shares of Target Co. (NYSE:TGT) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,916 shares of the retailer’s stock after selling 527 shares during the quarter. Silicon Valley Capital Partners’ holdings in Target were worth $394,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Stiles Financial Services Inc lifted its position in shares of Target by 7.0% during the fourth quarter. Stiles Financial Services Inc now owns 25,685 shares of the retailer’s stock valued at $3,472,000 after purchasing an additional 1,680 shares in the last quarter. Compass Financial Services Inc purchased a new position in Target during the fourth quarter valued at approximately $40,000. Newbridge Financial Services Group Inc. purchased a new position in Target during the fourth quarter valued at approximately $128,000. Kestra Private Wealth Services LLC grew its stake in Target by 5.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 42,171 shares of the retailer’s stock valued at $5,701,000 after acquiring an additional 2,080 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in Target by 245.4% during the fourth quarter. Stephens Inc. AR now owns 58,725 shares of the retailer’s stock valued at $7,938,000 after purchasing an additional 41,723 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of Target stock opened at $131.29 on Monday. The stock has a market cap of $60.16 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.04 and a beta of 1.15. The firm’s 50-day moving average is $135.22 and its 200 day moving average is $143.80. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. 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 (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.10 EPS. Sell-side analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 3.41%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TGT. Roth Mkm dropped their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. BMO Capital Markets dropped their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. JPMorgan Chase & Co. lowered their price objective on shares of Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Guggenheim boosted their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $157.70.

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.