Target Co. (NYSE:TGT) Shares Sold by Clarius Group LLC

Clarius Group LLC reduced its holdings in shares of Target Co. (NYSE:TGT) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,368 shares of the retailer’s stock after selling 81 shares during the period. Clarius Group LLC’s holdings in Target were worth $455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Target in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC raised its position in Target by 156.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after purchasing an additional 133 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Target during the third quarter worth about $36,000. Catalyst Capital Advisors LLC acquired a new stake in Target during the 3rd quarter worth approximately $38,000. Finally, First Financial Corp IN increased its holdings in shares of Target by 330.8% in the fourth quarter. First Financial Corp IN now owns 280 shares of the retailer’s stock valued at $38,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. TD Cowen reduced their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research report on Wednesday, November 20th. Guggenheim cut their price target on shares of Target from $180.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Truist Financial increased their target price on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday. Finally, Bank of America decreased their price target on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $158.23.

Target Stock Up 0.3 %

Shares of TGT stock opened at $133.62 on Monday. 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 stock has a market cap of $61.22 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. The business’s fifty day moving average is $136.13 and its 200-day moving average is $145.14. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share 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 period in the previous year, the company posted $2.10 earnings per share. Target’s revenue was up .9% compared to the same quarter last year. Equities analysts expect that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.35%. Target’s dividend payout ratio (DPR) is presently 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.