USS Investment Management Ltd lowered its stake in Target Co. (NYSE:TGT - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 104,125 shares of the retailer's stock after selling 16,550 shares during the quarter. USS Investment Management Ltd's holdings in Target were worth $14,079,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Hopwood Financial Services Inc. acquired a new stake in shares of Target during the fourth quarter valued at $29,000. Bernard Wealth Management Corp. purchased a new stake in shares of Target during the fourth quarter worth about $30,000. MCF Advisors LLC lifted its stake in shares of Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock valued at $35,000 after buying an additional 163 shares during the period. Raleigh Capital Management Inc. boosted its position in Target by 110.7% during 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 during the last quarter. Finally, Legacy Investment Solutions LLC raised its holdings in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock valued at $35,000 after acquiring an additional 85 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.
Target Stock Performance
Shares of NYSE TGT traded down $0.76 during trading on Friday, reaching $94.30. The stock had a trading volume of 7,371,358 shares, compared to its average volume of 5,997,052. 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 market cap of $42.85 billion, a PE ratio of 10.00, a P/E/G ratio of 1.94 and a beta of 1.27. Target Co. has a one year low of $87.35 and a one year high of $167.40. The firm's 50 day moving average price is $97.49 and its two-hundred day moving average price is $120.55.
Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. During the same quarter in the previous year, the business posted $2.03 earnings per share. The company's quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.
Target Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.75%. Target's payout ratio is currently 50.56%.
Analysts Set New Price Targets
TGT has been the topic of several research reports. Jefferies Financial Group cut their target price on Target from $165.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Truist Financial lifted their price objective on Target from $82.00 to $90.00 and gave the company a "hold" rating in a research note on Thursday. Barclays started coverage on shares of Target in a research report on Thursday. They set an "equal weight" rating for the company. Baird R W cut shares of Target from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, KGI Securities set a $132.00 price objective on shares of Target in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Target presently has a consensus rating of "Hold" and a consensus target price of $117.97.
View Our Latest Stock Report on TGT
Target Company Profile
(
Free Report)
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.
Further Reading
Before you consider Target, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Target wasn't on the list.
While Target currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
