Tower Research Capital LLC TRC increased its stake in shares of Target Co. (NYSE:TGT - Free Report) by 91.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,182 shares of the retailer's stock after buying an additional 19,144 shares during the quarter. Tower Research Capital LLC TRC's holdings in Target were worth $5,432,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in TGT. Invst LLC increased its stake in Target by 2.4% during the third quarter. Invst LLC now owns 11,760 shares of the retailer's stock worth $1,833,000 after acquiring an additional 276 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Target by 5.6% during the 3rd quarter. Westside Investment Management Inc. now owns 1,684 shares of the retailer's stock worth $257,000 after purchasing an additional 90 shares during the last quarter. World Investment Advisors LLC raised its holdings in Target by 142.5% in the 3rd quarter. World Investment Advisors LLC now owns 6,585 shares of the retailer's stock valued at $1,026,000 after buying an additional 3,870 shares during the period. Arvest Bank Trust Division acquired a new position in Target in the third quarter valued at about $1,684,000. Finally, Wilmington Savings Fund Society FSB boosted its stake in Target by 331.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 14,387 shares of the retailer's stock worth $2,242,000 after buying an additional 11,054 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
Target Price Performance
Shares of NYSE:TGT traded down $1.95 on Wednesday, reaching $92.16. 9,104,028 shares of the company were exchanged, compared to its average volume of 5,671,170. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 1-year low of $87.35 and a 1-year high of $167.40. The company has a 50-day moving average of $107.61 and a 200-day moving average of $128.93. The firm has a market cap of $41.98 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.
Target (NYSE:TGT - Get Free Report) last issued its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analysts' expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. Equities analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.
Target Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.86%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio (DPR) is 50.56%.
Analyst Ratings Changes
TGT has been the topic of several recent analyst reports. Telsey Advisory Group decreased their price objective on shares of Target from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Baird R W cut Target from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Sanford C. Bernstein reissued a "market perform" rating on shares of Target in a research note on Wednesday, March 5th. Stifel Nicolaus dropped their target price on Target from $130.00 to $120.00 and set a "hold" rating for the company in a research report on Thursday, March 20th. Finally, Truist Financial cut their price target on shares of Target from $124.00 to $82.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $132.37.
Check Out Our Latest Report on TGT
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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