Radnor Capital Management LLC Cuts Stake in Target Co. (NYSE:TGT)

Radnor Capital Management LLC lessened its holdings in shares of Target Co. (NYSE:TGT - Free Report) by 19.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,134 shares of the retailer's stock after selling 2,144 shares during the quarter. Radnor Capital Management LLC's holdings in Target were worth $1,235,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer's stock valued at $5,530,576,000 after buying an additional 2,732,801 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Target by 9,940.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer's stock valued at $311,937,000 after acquiring an additional 1,981,458 shares during the last quarter. Two Sigma Advisers LP grew its holdings 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 valued at $369,295,000 after purchasing an additional 1,502,200 shares in the last quarter. FMR LLC increased its position in Target by 11.7% in 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 during the last quarter. Finally, AQR Capital Management LLC raised its stake in Target by 711.2% during the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer's stock valued at $129,762,000 after purchasing an additional 768,479 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TGT shares. Roth Mkm dropped their price objective on shares of Target from $157.00 to $131.00 and set a "neutral" rating for the company in a research note on Thursday, November 21st. TD Cowen dropped their price target on Target from $165.00 to $145.00 and set a "hold" rating for the company in a research report on Thursday, November 21st. Sanford C. Bernstein assumed coverage on Target in a research note on Tuesday, October 22nd. They set a "market perform" rating and a $168.00 price objective on the stock. Stifel Nicolaus lifted their target price on Target from $137.00 to $145.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Finally, Piper Sandler decreased their price target on Target from $156.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $160.57.

Target Stock Down 1.1 %

Shares of NYSE TGT traded down $1.49 during midday trading on Wednesday, reaching $134.98. 2,865,742 shares of the company's stock traded hands, compared to its average volume of 4,381,204. The company has a market cap of $61.85 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 2.21 and a beta of 1.16. The stock's 50 day simple moving average is $137.06 and its 200-day simple moving average is $145.39. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target (NYSE:TGT - Get Free Report) last announced its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (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 the consensus estimate of $25.87 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. The firm's revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $2.10 EPS. On average, analysts predict that Target Co. will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.32%. Target's dividend payout ratio is presently 47.51%.

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.