Banco Santander S.A. Raises Holdings in Target Co. (NYSE:TGT)

Banco Santander S.A. raised its holdings in Target Co. (NYSE:TGT - Free Report) by 239.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,785 shares of the retailer's stock after purchasing an additional 6,199 shares during the quarter. Banco Santander S.A.'s holdings in Target were worth $1,188,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TGT. Legacy Investment Solutions LLC purchased a new stake in Target in the 3rd quarter valued at about $28,000. FSA Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter worth approximately $36,000. MCF Advisors LLC boosted its position 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 purchasing an additional 163 shares during the period. Raleigh Capital Management Inc. increased its holdings in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Finally, First Financial Corp IN raised its position in Target by 330.8% in the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer's stock valued at $38,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Stock Performance

TGT stock traded down $1.34 on Monday, hitting $113.74. The company's stock had a trading volume of 8,142,570 shares, compared to its average volume of 6,039,771. The firm has a 50 day moving average of $131.63 and a two-hundred day moving average of $141.07. Target Co. has a 1 year low of $111.84 and a 1 year high of $181.86. The stock has a market cap of $52.12 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

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Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $30.83 billion. Equities analysts predict that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Wednesday, February 12th. Target's dividend payout ratio (DPR) is presently 50.56%.

Analyst Ratings Changes

Several research analysts have recently commented on TGT shares. HSBC lowered Target from a "buy" rating to a "hold" rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. Piper Sandler lowered their target price on Target from $132.00 to $124.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. StockNews.com lowered shares of Target from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Jefferies Financial Group reduced their price target on shares of Target from $165.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Finally, Citigroup reduced their price target on shares of Target from $133.00 to $120.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $145.87.

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.