Boston Partners Decreases Position in Target Co. (NYSE:TGT)

Boston Partners lessened its holdings in Target Co. (NYSE:TGT - Free Report) by 92.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 107,628 shares of the retailer's stock after selling 1,288,945 shares during the period. Boston Partners' holdings in Target were worth $14,549,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in Target during the 3rd quarter valued at $28,000. Hopwood Financial Services Inc. bought a new stake in Target during the fourth quarter valued at about $29,000. MCF Advisors LLC grew its stake in Target by 175.3% in the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in Target in the third quarter worth about $36,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TGT. The Goldman Sachs Group cut their price objective on shares of Target from $166.00 to $142.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Truist Financial cut their price target on shares of Target from $134.00 to $124.00 and set a "hold" rating on the stock in a report on Wednesday, March 5th. Jefferies Financial Group reduced their price target on Target from $165.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Oppenheimer lowered their price objective on Target from $165.00 to $150.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Citigroup reduced their target price on Target from $133.00 to $120.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $145.55.

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Target Stock Performance

NYSE TGT traded up $4.37 during mid-day trading on Monday, reaching $108.43. 8,519,761 shares of the stock were exchanged, compared to its average volume of 4,953,566. Target Co. has a 1 year low of $101.76 and a 1 year high of $181.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The business's 50 day moving average is $125.28 and its 200-day moving average is $137.62. The company has a market capitalization of $49.40 billion, a P/E ratio of 11.50, a P/E/G ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, beating analysts' consensus estimates 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, equities research analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Wednesday, May 14th. Target's payout ratio is 50.56%.

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.