First Foundation Advisors Has $568,000 Position in Target Co. (NYSE:TGT)

by · The Cerbat Gem

First Foundation Advisors cut its holdings in Target Co. (NYSE:TGT – Free Report) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,204 shares of the retailer’s stock after selling 458 shares during the quarter. First Foundation Advisors’ holdings in Target were worth $568,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TGT. Hopwood Financial Services Inc. bought a new stake in Target in the fourth quarter worth $29,000. Bernard Wealth Management Corp. bought a new position in Target during the fourth quarter valued at about $30,000. MCF Advisors LLC boosted its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Target in the 4th quarter valued at approximately $36,000. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Evercore ISI decreased their target price on Target from $130.00 to $120.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Baird R W downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Monday. Bank of America decreased their price target on shares of Target from $160.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Robert W. Baird lowered Target from an “outperform” rating to a “neutral” rating and set a $110.00 price objective on the stock. in a research note on Monday. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $136.03.

Read Our Latest Report on TGT

Target Stock Performance

TGT stock opened at $92.57 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a twelve month low of $87.35 and a twelve month high of $173.05. The business’s fifty day moving average is $113.87 and its 200-day moving average is $132.29. The company has a market cap of $42.17 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT – Get Free Report) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Equities research analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

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 $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.84%. Target’s dividend payout ratio is currently 50.56%.

Target Company Profile

(Free Report)

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.

See Also

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