JFS Wealth Advisors LLC Reduces Holdings in Target Co. (NYSE:TGT)

JFS Wealth Advisors LLC reduced its holdings in shares of Target Co. (NYSE:TGT) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,285 shares of the retailer’s stock after selling 200 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Target were worth $198,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Advisory Alpha LLC purchased a new stake in shares of Target during the first quarter worth about $30,000. Icon Wealth Partners LLC acquired a new stake in shares of Target in the first quarter worth approximately $31,000. Larson Financial Group LLC acquired a new stake in shares of Target in the second quarter worth approximately $31,000. C J Advisory Inc acquired a new stake in shares of Target in the first quarter worth approximately $33,000. Finally, Buffington Mohr McNeal acquired a new stake in shares of Target in the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 82.12% of the company’s stock.

In other news, Director Roxanne S. Austin sold 4,163 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $89.00, for a total transaction of $370,507.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Edward Mcnamara sold 11,891 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $88.79, for a total transaction of $1,055,801.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,421 shares of company stock worth $2,162,689. Corporate insiders own 0.24% of the company’s stock.

Shares of NYSE TGT traded up $2.39 during trading on Thursday, reaching $105.39. 10,189,208 shares of the stock were exchanged, compared to its average volume of 5,221,293. The business’s 50-day moving average price is $86.19 and its 200 day moving average price is $80.56. Target Co. has a twelve month low of $60.15 and a twelve month high of $103.38. The company has a quick ratio of 0.19, a current ratio of 0.88 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $44.36 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 2.07 and a beta of 0.61.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 21st. The retailer reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.21. Target had a net margin of 3.96% and a return on equity of 26.48%. The business had revenue of $18.42 billion for the quarter, compared to analysts’ expectations of $18.32 billion. During the same period in the previous year, the company posted $1.47 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that Target Co. will post 5.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.66 per share. This is a boost from Target’s previous quarterly dividend of $0.64. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Tuesday, August 20th. Target’s payout ratio is presently 47.50%.

Several research firms recently issued reports on TGT. Goldman Sachs Group began coverage on shares of Target in a research report on Thursday, July 11th. They issued a “buy” rating and a $102.00 target price on the stock. Robert W. Baird set a $90.00 target price on shares of Target and gave the stock a “buy” rating in a research report on Monday, August 12th. Morgan Stanley lifted their price target on shares of Target from $76.00 to $107.00 and gave the company an “equal weight” rating in a research report on Thursday. Barclays reaffirmed a “buy” rating and set a $95.00 price target on shares of Target in a research report on Thursday, May 30th. Finally, Credit Suisse Group set a $90.00 price target on shares of Target and gave the company a “buy” rating in a research report on Thursday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $98.11.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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