Hantz Financial Services Inc. Has $8.11 Million Stock Holdings in Target Co. (NYSE:TGT)

Hantz Financial Services Inc. reduced its position in Target Co. (NYSE:TGT - Free Report) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 60,018 shares of the retailer's stock after selling 8,763 shares during the period. Hantz Financial Services Inc.'s holdings in Target were worth $8,113,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of 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 acquiring an additional 2,732,801 shares during the period. International Assets Investment Management LLC grew its stake in Target by 9,940.6% during the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer's stock worth $311,937,000 after buying an additional 1,981,458 shares during the period. Two Sigma Advisers LP increased its position in shares of Target by 173.2% in the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer's stock worth $369,295,000 after acquiring an additional 1,502,200 shares in the last quarter. FMR LLC raised its stake in shares of Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer's stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its holdings in shares of Target by 773.1% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer's stock valued at $129,795,000 after acquiring an additional 737,384 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

Target Stock Up 0.2 %

Shares of Target stock traded up $0.30 during midday trading on Thursday, hitting $140.39. The company's stock had a trading volume of 695,978 shares, compared to its average volume of 4,923,517. The firm has a market capitalization of $64.33 billion, a P/E ratio of 14.89, a PEG ratio of 2.21 and a beta of 1.16. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a 50-day simple moving average of $134.17 and a 200-day simple moving average of $144.61.

Target (NYSE:TGT - Get Free Report) last posted its quarterly 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). Target had a return on equity of 31.11% and a net margin of 4.06%. The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the prior year, the business posted $2.10 earnings per share. The business's revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts expect that Target Co. will post 8.68 earnings per share for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 annualized dividend and a dividend yield of 3.19%. Target's dividend payout ratio (DPR) is 47.51%.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com raised Target from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Truist Financial raised their target price on Target from $129.00 to $134.00 and gave the company a "hold" rating in a report on Friday, January 17th. JPMorgan Chase & Co. decreased their price target on Target from $167.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, November 21st. Daiwa Capital Markets lowered shares of Target from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, BMO Capital Markets decreased their target price on shares of Target from $160.00 to $120.00 and set a "market perform" rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $157.70.

Target 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.