Target Co. (NYSE:TGT) Shares Sold by Cohen Klingenstein LLC

Cohen Klingenstein LLC decreased its holdings in Target Co. (NYSE:TGT) by 22.0% in the fourth quarter, Holdings Channel reports. The fund owned 25,505 shares of the retailer’s stock after selling 7,185 shares during the period. Cohen Klingenstein LLC’s holdings in Target were worth $3,448,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares during the last quarter. International Assets Investment Management LLC raised its position in Target by 9,940.6% in the third quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after purchasing an additional 1,981,458 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Target by 173.2% in the 3rd 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 during the last quarter. FMR LLC grew its holdings in shares of Target by 11.7% during the 3rd 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 period. Finally, AQR Capital Management LLC increased its position in shares of Target by 711.2% during the 2nd quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock worth $129,762,000 after purchasing an additional 768,479 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TGT shares. BMO Capital Markets reduced their price target on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a report on Wednesday, November 20th. Roth Mkm lowered their target price on shares of Target from $157.00 to $131.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, Piper Sandler cut their price target on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $158.23.

Target Stock Up 0.3 %

Shares of Target stock opened at $133.62 on Friday. The stock has a 50-day simple moving average of $136.45 and a 200-day simple moving average of $145.23. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The firm has a market cap of $61.22 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the firm earned $2.10 earnings per share. Target’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 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.