Quantinno Capital Management LP Has $13.73 Million Stock Position in Target Co. (NYSE:TGT)

Quantinno Capital Management LP cut its stake in Target Co. (NYSE:TGT - Free Report) by 18.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,541 shares of the retailer's stock after selling 23,487 shares during the period. Quantinno Capital Management LP's holdings in Target were worth $13,726,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nicholas Company Inc. increased its stake in shares of Target by 20.5% in the 4th quarter. Nicholas Company Inc. now owns 55,810 shares of the retailer's stock valued at $7,544,000 after purchasing an additional 9,485 shares during the last quarter. River Road Asset Management LLC increased its stake in shares of Target by 144.9% in the 4th quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer's stock valued at $31,699,000 after purchasing an additional 138,751 shares during the last quarter. Sierra Summit Advisors LLC increased its stake in shares of Target by 29.0% in the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer's stock valued at $1,940,000 after purchasing an additional 3,231 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new position in shares of Target in the 4th quarter valued at $6,459,000. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer's stock valued at $2,430,000 after purchasing an additional 3,590 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler decreased their price target on Target from $124.00 to $105.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Mizuho assumed coverage on Target in a research note on Friday, April 11th. They issued a "neutral" rating and a $92.00 price target on the stock. UBS Group decreased their price target on Target from $170.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Guggenheim lifted their price target on Target from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Finally, Telsey Advisory Group reduced their price objective on Target from $145.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $128.13.

Target Trading Up 1.5%

Shares of NYSE:TGT traded up $1.49 during midday trading on Friday, reaching $98.56. The company's stock had a trading volume of 6,355,230 shares, compared to its average volume of 5,906,992. The firm has a market capitalization of $44.78 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 1.94 and a beta of 1.27. 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 firm has a 50 day moving average price of $98.24 and a two-hundred day moving average price of $121.85. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, analysts forecast that Target Co. will post 8.69 earnings per share for the current 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 $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio is 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.