Corient Private Wealth LLC Sells 71,685 Shares of Target Co. (NYSE:TGT)

Corient Private Wealth LLC cut its holdings in Target Co. (NYSE:TGT) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,347 shares of the retailer’s stock after selling 71,685 shares during the period. Corient Private Wealth LLC owned about 0.07% of Target worth $45,781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Thrivent Financial for Lutherans grew its stake in Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after purchasing an additional 490 shares during the period. River Road Asset Management LLC grew its position in Target by 144.9% during the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock valued at $31,699,000 after buying an additional 138,751 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in Target by 25.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after buying an additional 3,590 shares during the last quarter. Northeast Financial Group Inc. bought a new stake in Target in the fourth quarter worth about $1,566,000. Finally, Achmea Investment Management B.V. boosted its stake in Target by 5.0% in the fourth quarter. Achmea Investment Management B.V. now owns 133,563 shares of the retailer’s stock valued at $18,055,000 after acquiring an additional 6,341 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Price Performance

Shares of NYSE:TGT opened at $105.61 on Tuesday. The company’s fifty day moving average price is $128.68 and its 200-day moving average price is $139.29. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market capitalization of $48.11 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.94 and a beta of 1.18. Target Co. has a one year low of $103.46 and a one year high of $181.86.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. On average, equities research analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.24%. Target’s payout ratio is 50.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TGT shares. DA Davidson decreased their price target on shares of Target from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Daiwa America downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Stifel Nicolaus dropped their price target on Target from $145.00 to $130.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Evercore ISI decreased their price objective on Target from $135.00 to $130.00 and set an “in-line” rating for the company in a report on Wednesday, March 5th. Finally, KGI Securities set a $132.00 price objective on Target in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $145.87.

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.