Bayesian Capital Management LP Sells 25,000 Shares of Target Co. (NYSE:TGT)

Bayesian Capital Management LP decreased its holdings in Target Co. (NYSE:TGT - Free Report) by 85.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,117 shares of the retailer's stock after selling 25,000 shares during the quarter. Bayesian Capital Management LP's holdings in Target were worth $557,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Bernard Wealth Management Corp. acquired a new position in shares of Target in the fourth quarter worth $30,000. Hopwood Financial Services Inc. purchased a new position in Target in the fourth quarter valued at about $29,000. MCF Advisors LLC increased its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC lifted its holdings in shares of Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after buying an additional 85 shares during the last quarter. Institutional investors own 79.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TGT shares. Piper Sandler lowered their target price on shares of Target from $132.00 to $124.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Gordon Haskett lowered Target from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. StockNews.com downgraded Target from a "buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Baird R W cut Target from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, UBS Group reduced their price target on shares of Target from $170.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $131.20.

Target Trading Down 0.6 %

Shares of Target stock traded down $0.54 during trading on Friday, hitting $96.39. 4,612,895 shares of the company were exchanged, compared to its average volume of 5,791,680. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm has a market capitalization of $43.80 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The firm's fifty day moving average price is $99.88 and its 200 day moving average price is $123.80. Target Co. has a 1-year low of $87.35 and a 1-year high of $167.40.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The firm had revenue of $30.92 billion during the quarter, compared to analysts' expectations of $30.83 billion. As a group, sell-side analysts expect that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.65%. Target's dividend payout ratio is 50.56%.

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.