Sierra Summit Advisors LLC boosted its position in shares of Target Co. (NYSE:TGT - Free Report) by 29.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,354 shares of the retailer's stock after buying an additional 3,231 shares during the period. Sierra Summit Advisors LLC's holdings in Target were worth $1,940,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in Target in the third quarter valued at about $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Target during the fourth quarter valued at about $29,000. MCF Advisors LLC grew its holdings in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after acquiring an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in shares of Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Target in the fourth quarter valued at about $36,000. 79.73% of the stock is owned by institutional investors.
Target Price Performance
NYSE:TGT traded down $6.02 during mid-day trading on Thursday, hitting $91.67. 6,555,088 shares of the stock traded hands, compared to its average volume of 5,482,052. The business's 50-day moving average price is $114.70 and its 200 day moving average price is $132.73. 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 company has a market cap of $41.76 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. Target Co. has a 12-month low of $87.35 and a 12-month high of $173.05.
Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to analysts' expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.
Target Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's payout ratio is 50.56%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Sanford C. Bernstein reissued a "market perform" rating on shares of Target in a research note on Wednesday, March 5th. Truist Financial cut their target price on Target from $124.00 to $82.00 and set a "hold" rating on the stock in a research report on Tuesday. StockNews.com cut Target from a "buy" rating to a "hold" rating in a research note on Thursday. Baird R W cut shares of Target from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, UBS Group decreased their price objective on shares of Target from $170.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Target presently has a consensus rating of "Hold" and an average price target of $136.03.
Check Out Our Latest Stock Analysis on Target
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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