Target Co. (NYSE:TGT) Shares Sold by Veracity Capital LLC

Veracity Capital LLC lessened its position in shares of Target Co. (NYSE:TGT) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,509 shares of the retailer’s stock after selling 94 shares during the quarter. Veracity Capital LLC’s holdings in Target were worth $204,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TGT. Thrivent Financial for Lutherans raised its holdings in Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock valued at $4,368,000 after buying an additional 490 shares during the period. D.A. Davidson & CO. increased its stake in shares of Target by 8.6% during the third quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after buying an additional 9,510 shares during the period. Prana Capital Management LP raised its holdings in Target by 47.5% in the third quarter. Prana Capital Management LP now owns 217,081 shares of the retailer’s stock valued at $33,834,000 after acquiring an additional 69,885 shares in the last quarter. Polianta Ltd lifted its stake in Target by 39.2% in the fourth quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock worth $1,392,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Leibman Financial Services Inc. acquired a new position in Target during the 4th quarter worth approximately $2,272,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TGT shares. TD Cowen decreased their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Oppenheimer reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Target in a research report on Monday, November 25th. Bank of America cut their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Piper Sandler dropped their price objective on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $158.57.

Target Stock Up 0.5 %

Shares of NYSE TGT opened at $137.99 on Friday. The firm has a 50-day moving average price of $134.66 and a 200 day moving average price of $144.89. The stock has a market capitalization of $63.23 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.16. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 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 period in the previous year, the company posted $2.10 earnings per share. Target’s revenue was up .9% on a year-over-year basis. Equities research analysts anticipate that Target Co. will post 8.68 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is currently 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.