Rhumbline Advisers Has $129.33 Million Position in Target Co. (NYSE:TGT)

Rhumbline Advisers increased its holdings in shares of Target Co. (NYSE:TGT) by 0.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 956,755 shares of the retailer’s stock after acquiring an additional 2,638 shares during the period. Rhumbline Advisers’ holdings in Target were worth $129,334,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. PUREfi Wealth LLC acquired a new stake in shares of Target during the 4th quarter valued at about $304,000. Blue Trust Inc. boosted its position in Target by 47.7% in the fourth quarter. Blue Trust Inc. now owns 4,983 shares of the retailer’s stock valued at $674,000 after buying an additional 1,609 shares in the last quarter. GFG Capital LLC acquired a new position in Target in the fourth quarter valued at about $385,000. Asset Planning Inc acquired a new position in Target in the fourth quarter valued at about $520,000. Finally, Banque Pictet & Cie SA boosted its position in Target by 52.7% in the fourth quarter. Banque Pictet & Cie SA now owns 94,520 shares of the retailer’s stock valued at $12,777,000 after buying an additional 32,627 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TGT shares. JPMorgan Chase & Co. reduced their price target on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research report on Wednesday, November 20th. Truist Financial boosted their price target on shares of Target from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, January 17th. Piper Sandler dropped their target price on shares of Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Target has an average rating of “Hold” and a consensus price target of $157.70.

Target Stock Down 0.6 %

Target stock opened at $127.86 on Friday. The stock has a market capitalization of $58.58 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average of $135.11 and a 200-day moving average of $143.21.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the company earned $2.10 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Target 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.