Schechter Investment Advisors LLC Sells 2,552 Shares of Target Co. (NYSE:TGT)

Schechter Investment Advisors LLC cut its position in shares of Target Co. (NYSE:TGT) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,012 shares of the retailer’s stock after selling 2,552 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Target were worth $1,624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cynosure Group LLC boosted its holdings in Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after purchasing an additional 65 shares during the last quarter. Hancock Whitney Corp raised its position in Target by 3.3% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after acquiring an additional 68 shares in the last quarter. Eagle Bluffs Wealth Management LLC lifted its stake in Target by 1.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the last quarter. Proffitt & Goodson Inc. grew its position in shares of Target by 2.2% in the 3rd quarter. Proffitt & Goodson Inc. now owns 3,460 shares of the retailer’s stock valued at $539,000 after acquiring an additional 73 shares during the period. Finally, Kathmere Capital Management LLC increased its stake in shares of Target by 3.0% during the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 3.2 %

NYSE TGT opened at $120.28 on Tuesday. The business has a fifty day moving average price of $133.54 and a two-hundred day moving average price of $142.28. The stock has a market capitalization of $55.11 billion, a PE ratio of 12.76, a PEG ratio of 1.94 and a beta of 1.15. Target Co. has a fifty-two week low of $119.92 and a fifty-two week 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent analyst reports. Evercore ISI cut their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research note on Thursday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Target in a research note on Friday, January 17th. Truist Financial increased their price target on Target from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, January 17th. BMO Capital Markets reduced their price objective 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. Finally, Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $157.93.

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.