Green Square Capital LLC reduced its holdings in shares of Target Co. (NYSE:TGT) by 37.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,331 shares of the retailer’s stock after selling 35,989 shares during the quarter. Green Square Capital LLC’s holdings in Target were worth $4,002,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Capital Investment Advisory Services LLC lifted its stake in shares of Target by 9.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 7,675 shares of the retailer’s stock valued at $501,000 after buying an additional 693 shares in the last quarter. Corient Capital Partners LLC lifted its stake in shares of Target by 11.1% during the 4th quarter. Corient Capital Partners LLC now owns 6,994 shares of the retailer’s stock valued at $456,000 after buying an additional 699 shares in the last quarter. White Pine Capital LLC lifted its stake in shares of Target by 2.7% during the 4th quarter. White Pine Capital LLC now owns 27,908 shares of the retailer’s stock valued at $1,821,000 after buying an additional 725 shares in the last quarter. Haverford Trust Co. lifted its stake in shares of Target by 4.0% during the 4th quarter. Haverford Trust Co. now owns 20,290 shares of the retailer’s stock valued at $1,324,000 after buying an additional 775 shares in the last quarter. Finally, Heritage Trust Co increased its holdings in Target by 49.4% during the 4th quarter. Heritage Trust Co now owns 2,645 shares of the retailer’s stock worth $173,000 after acquiring an additional 874 shares during the period. Institutional investors own 87.01% of the company’s stock.
In other news, insider Robert M. Harrison sold 8,557 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $76.74, for a total value of $656,664.18. Following the transaction, the insider now owns 13,288 shares of the company’s stock, valued at approximately $1,019,721.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie A. Lundquist sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $78.08, for a total transaction of $234,240.00. Following the completion of the sale, the insider now directly owns 16,906 shares of the company’s stock, valued at approximately $1,320,020.48. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Target from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Vetr raised shares of Target from a “buy” rating to a “strong-buy” rating and set a $80.00 target price on the stock in a report on Wednesday. Telsey Advisory Group decreased their target price on shares of Target from $83.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, March 7th. Morgan Stanley set a $64.00 target price on shares of Target and gave the stock a “sell” rating in a report on Wednesday, March 7th. Finally, Susquehanna Bancshares set a $95.00 target price on shares of Target and gave the stock a “buy” rating in a report on Monday, March 5th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $74.20.
Target Co. (TGT) opened at $70.22 on Friday. The company has a market cap of $38,126.19, a price-to-earnings ratio of 13.13, a PEG ratio of 2.96 and a beta of 0.71. Target Co. has a twelve month low of $48.56 and a twelve month high of $78.70. The company has a quick ratio of 0.30, a current ratio of 0.95 and a debt-to-equity ratio of 0.97.
Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 6th. The retailer reported $1.37 EPS for the quarter, missing the Zacks’ consensus estimate of $1.39 by ($0.02). The company had revenue of $22.77 billion during the quarter, compared to the consensus estimate of $22.56 billion. Target had a return on equity of 23.04% and a net margin of 4.08%. Target’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 EPS. equities research analysts expect that Target Co. will post 5.29 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 10th. Stockholders of record on Wednesday, May 16th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.53%. Target’s payout ratio is 46.36%.
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Target Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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