Blair William & Co. IL Lowers Stock Holdings in Target Co. (NYSE:TGT)

Blair William & Co. IL lessened its stake in shares of Target Co. (NYSE:TGT) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,480 shares of the retailer’s stock after selling 13,378 shares during the quarter. Blair William & Co. IL’s holdings in Target were worth $10,744,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Target during the 3rd quarter worth approximately $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Target in the fourth quarter valued at approximately $29,000. MCF Advisors LLC grew its holdings in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. raised its position in Target by 110.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in Target in the third quarter valued at $36,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TGT. Piper Sandler lowered their price target on shares of Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their target price on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Stifel Nicolaus lowered their price target on Target from $130.00 to $120.00 and set a “hold” rating on the stock in a report on Thursday, March 20th. Finally, Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Target has an average rating of “Hold” and a consensus price target of $143.40.

Target Trading Down 2.7 %

Shares of TGT stock opened at $103.63 on Friday. Target Co. has a 1-year low of $101.76 and a 1-year high of $181.86. The firm’s 50-day simple moving average is $122.96 and its 200-day simple moving average is $136.46. The firm has a market cap of $47.21 billion, a P/E ratio of 10.99, a PEG ratio of 1.94 and a beta of 1.18. 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 quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. As a group, equities analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.32%. Target’s dividend payout ratio is presently 50.56%.

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.