Forsta AP Fonden lessened its stake in shares of Target Co. (NYSE:TGT - Free Report) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,100 shares of the retailer's stock after selling 13,500 shares during the quarter. Forsta AP Fonden's holdings in Target were worth $14,883,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. State Street Corp raised its position in Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer's stock worth $5,530,576,000 after buying an additional 2,732,801 shares during the last quarter. FMR LLC raised its holdings in Target by 11.7% during the third quarter. FMR LLC now owns 9,980,381 shares of the retailer's stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares in the last quarter. Geode Capital Management LLC lifted its position in Target by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer's stock valued at $1,461,456,000 after purchasing an additional 130,691 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Target by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer's stock valued at $517,620,000 after purchasing an additional 62,916 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Target by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,053,471 shares of the retailer's stock worth $475,914,000 after purchasing an additional 56,695 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have recently commented on TGT. Citigroup raised their price target on Target from $130.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Stifel Nicolaus boosted their target price on shares of Target from $137.00 to $145.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. Hsbc Global Res cut shares of Target from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Bank of America decreased their price objective on shares of Target from $195.00 to $160.00 and set a "buy" rating on the stock in a report on Thursday, November 21st. Finally, Truist Financial increased their target price on shares of Target from $129.00 to $134.00 and gave the company a "hold" rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Target presently has a consensus rating of "Hold" and a consensus target price of $157.70.
Check Out Our Latest Report on Target
Target Trading Up 0.5 %
TGT stock traded up $0.71 on Thursday, hitting $140.80. 573,300 shares of the company were exchanged, compared to its average volume of 4,916,487. The business's fifty day moving average is $134.17 and its two-hundred day moving average is $144.61. The stock has a market capitalization of $64.52 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. 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 Co. has a twelve month low of $120.21 and a twelve month high of $181.86.
Target (NYSE:TGT - Get Free Report) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to analysts' expectations of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The business's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.10 earnings per share. As a group, research analysts forecast that Target Co. will post 8.68 earnings per share for the current year.
Target Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.18%. Target's dividend payout ratio (DPR) is 47.51%.
About Target
(
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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