Crestline Management LP Buys Shares of 20,557 Target Co. (NYSE:TGT)

Crestline Management LP acquired a new position in shares of Target Co. (NYSE:TGT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,557 shares of the retailer's stock, valued at approximately $2,779,000.

Several other institutional investors also recently modified their holdings of the company. Kathmere Capital Management LLC grew its stake in Target by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer's stock valued at $343,000 after buying an additional 73 shares during the last quarter. Horrell Capital Management Inc. lifted its stake in Target by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer's stock valued at $3,603,000 after purchasing an additional 76 shares during the last quarter. Fiducient Advisors LLC lifted its stake in Target by 4.6% in the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer's stock valued at $240,000 after purchasing an additional 78 shares during the last quarter. First PREMIER Bank increased its position in Target by 21.9% in the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer's stock valued at $61,000 after acquiring an additional 80 shares during the period. Finally, Winch Advisory Services LLC increased its position in shares of Target by 34.5% during the fourth quarter. Winch Advisory Services LLC now owns 320 shares of the retailer's stock worth $43,000 after buying an additional 82 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Down 2.5%

Shares of NYSE TGT traded down $2.49 during midday trading on Tuesday, hitting $98.59. 4,034,877 shares of the company traded hands, compared to its average volume of 5,814,488. Target Co. has a 12-month low of $87.35 and a 12-month high of $167.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The stock has a 50-day moving average price of $99.56 and a 200 day moving average price of $123.10. The firm has a market cap of $44.80 billion, a P/E ratio of 10.45, a P/E/G ratio of 1.94 and a beta of 1.27.

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

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date is Wednesday, May 14th. Target's payout ratio is presently 50.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TGT shares. Baird R W cut shares of Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. StockNews.com lowered shares of Target from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Piper Sandler dropped their price target on shares of Target from $124.00 to $105.00 and set a "neutral" rating on the stock in a research report on Tuesday. Oppenheimer lowered their price objective on shares of Target from $165.00 to $150.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, KGI Securities set a $132.00 target price on shares of Target in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $128.57.

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.