Target Co. (NYSE:TGT) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT cut its holdings in shares of Target Co. (NYSE:TGT) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,645 shares of the retailer’s stock after selling 581 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Target were worth $3,737,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TGT. Cordatus Wealth Management LLC acquired a new position in shares of Target during the 4th quarter worth approximately $2,161,000. Centricity Wealth Management LLC purchased a new position in Target during the fourth quarter worth approximately $96,000. Mattern Capital Management LLC boosted its stake in Target by 3.7% during the fourth quarter. Mattern Capital Management LLC now owns 70,341 shares of the retailer’s stock worth $9,509,000 after buying an additional 2,485 shares during the last quarter. ING Groep NV purchased a new stake in Target in the 4th quarter valued at $5,520,000. Finally, Hussman Strategic Advisors Inc. increased its stake in shares of Target by 20.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 12,600 shares of the retailer’s stock worth $1,703,000 after acquiring an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of several recent research reports. TD Cowen lowered their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Stifel Nicolaus raised their price target on shares of Target from $137.00 to $145.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Daiwa America cut Target from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Roth Mkm lowered their price objective on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $157.70.

Target Price Performance

TGT stock opened at $124.40 on Friday. The business has a 50 day moving average price of $134.41 and a 200 day moving average price of $142.67. 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 stock has a market cap of $57.00 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.98 and a beta of 1.15. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data 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). The company had revenue of $25.23 billion for the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.10 EPS. Equities research analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.60%. Target’s dividend payout ratio (DPR) is presently 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.