Frank Rimerman Advisors LLC Has $867,000 Stock Holdings in Target Co. (NYSE:TGT)

Frank Rimerman Advisors LLC lessened its stake in shares of Target Co. (NYSE:TGT) by 32.2% during the 4th quarter, HoldingsChannel reports. The firm owned 6,410 shares of the retailer’s stock after selling 3,038 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Target were worth $867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. Cynosure Group LLC grew its stake in shares of Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after acquiring an additional 65 shares during the last quarter. Hancock Whitney Corp grew its stake in shares of Target by 3.3% in 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 during the last quarter. Kathmere Capital Management LLC grew its stake in shares of Target by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock worth $343,000 after acquiring an additional 73 shares during the last quarter. Cahill Financial Advisors Inc. grew its stake in shares of Target by 1.0% in the third quarter. Cahill Financial Advisors Inc. now owns 7,490 shares of the retailer’s stock worth $1,197,000 after acquiring an additional 76 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC grew its stake in shares of Target by 2.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 3,100 shares of the retailer’s stock worth $483,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TGT. Stifel Nicolaus decreased their price target on shares of Target from $145.00 to $130.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Oppenheimer cut their price objective on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. TD Cowen cut their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Roth Capital set a $122.00 price target on Target in a report on Wednesday, March 5th. Finally, Truist Financial dropped their price objective on Target from $134.00 to $124.00 and set a “hold” rating for the company in a report 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $145.87.

Target Trading Up 0.2 %

NYSE TGT opened at $104.71 on Friday. The stock has a market capitalization of $47.70 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.94 and a beta of 1.18. The stock’s 50 day moving average price is $129.35 and its two-hundred day moving average price is $139.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a 52 week low of $103.46 and a 52 week 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 the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is currently 50.56%.

Target Company 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.