Fayez Sarofim & Co boosted its stake in Target Co. (NYSE:TGT - Free Report) by 6.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 184,966 shares of the retailer's stock after acquiring an additional 10,932 shares during the quarter. Fayez Sarofim & Co's holdings in Target were worth $25,004,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in TGT. Hopwood Financial Services Inc. acquired a new stake in Target in the 4th quarter worth about $29,000. Bernard Wealth Management Corp. purchased a new stake in shares of Target during the fourth quarter worth approximately $30,000. MCF Advisors LLC raised its stake in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. lifted 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 in the last quarter. Finally, Legacy Investment Solutions LLC boosted its stake in Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after purchasing an additional 85 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TGT has been the subject of several recent research reports. Citigroup cut their price target on Target from $120.00 to $95.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Piper Sandler reduced their price target on Target from $132.00 to $124.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on shares of Target from $150.00 to $135.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Evercore ISI decreased their target price on shares of Target from $130.00 to $120.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of Target from $146.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Target presently has an average rating of "Hold" and an average target price of $132.37.
Read Our Latest Analysis on TGT
Target Stock Performance
Shares of NYSE TGT traded down $1.95 during trading hours on Wednesday, reaching $92.16. The stock had a trading volume of 9,104,028 shares, compared to its average volume of 5,671,170. The firm has a market cap of $41.98 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 1.94 and a beta of 1.28. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The firm has a 50-day moving average of $106.90 and a 200-day moving average of $128.68. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.
Target (NYSE:TGT - Get Free Report) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Equities research analysts predict that Target Co. will post 8.69 earnings per share for the current year.
Target Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.86%. Target's dividend payout ratio (DPR) is currently 50.56%.
Target Profile
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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.
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