Hsbc Holdings PLC Acquires 324,021 Shares of Target Co. (NYSE:TGT)

Hsbc Holdings PLC raised its holdings in shares of Target Co. (NYSE:TGT - Free Report) by 29.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,434,565 shares of the retailer's stock after acquiring an additional 324,021 shares during the period. Hsbc Holdings PLC owned approximately 0.31% of Target worth $193,669,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Hopwood Financial Services Inc. acquired a new stake in Target in the fourth quarter worth $29,000. Bernard Wealth Management Corp. bought a new stake in shares of Target in the 4th quarter valued at $30,000. MCF Advisors LLC increased its position in shares of 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 buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after buying an additional 135 shares during the period. Finally, Legacy Investment Solutions LLC lifted its holdings in Target by 47.5% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Price Performance

TGT stock opened at $94.07 on Wednesday. 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 firm has a market cap of $42.86 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 1.94 and a beta of 1.28. The company's fifty day simple moving average is $107.61 and its 200 day simple moving average is $128.93. Target Co. has a 12-month low of $87.35 and a 12-month high of $168.01.

Target (NYSE:TGT - Get Free Report) last released its 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. On average, analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared 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. This represents a $4.48 annualized dividend and a yield of 4.76%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio (DPR) is currently 50.56%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TGT. KGI Securities set a $132.00 target price on Target in a research note on Wednesday, March 5th. Guggenheim upped their target price on Target from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Oppenheimer cut their price target on shares of Target from $165.00 to $150.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Baird R W lowered Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, Piper Sandler lowered their price target on shares of Target from $132.00 to $124.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $132.37.

About Target

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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