Boyar Asset Management Inc. Has $3.04 Million Holdings in Target Co. (NYSE:TGT)

Boyar Asset Management Inc. lessened its stake in Target Co. (NYSE:TGTGet Rating) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,125 shares of the retailer’s stock after selling 119 shares during the quarter. Target makes up 1.8% of Boyar Asset Management Inc.’s holdings, making the stock its 19th biggest position. Boyar Asset Management Inc.’s holdings in Target were worth $3,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. Allspring Global Investments Holdings LLC acquired a new stake in Target during the 4th quarter valued at $162,042,000. Arrowstreet Capital Limited Partnership lifted its holdings in Target by 34.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,101,878 shares of the retailer’s stock valued at $480,847,000 after purchasing an additional 536,364 shares during the last quarter. Capital World Investors lifted its holdings in Target by 7.2% during the 3rd quarter. Capital World Investors now owns 7,275,047 shares of the retailer’s stock valued at $1,664,313,000 after purchasing an additional 485,927 shares during the last quarter. Assetmark Inc. lifted its holdings in Target by 112.7% during the 3rd quarter. Assetmark Inc. now owns 611,716 shares of the retailer’s stock valued at $139,942,000 after purchasing an additional 324,105 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Target by 10.7% during the 2nd quarter. Morgan Stanley now owns 3,164,273 shares of the retailer’s stock valued at $764,931,000 after purchasing an additional 305,955 shares during the last quarter. 81.83% of the stock is owned by institutional investors.

Shares of NYSE:TGT traded up $2.46 during midday trading on Friday, hitting $219.73. 3,122,028 shares of the stock were exchanged, compared to its average volume of 4,002,524. The stock has a market capitalization of $101.88 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 0.91 and a beta of 0.94. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.35 and a current ratio of 0.99. The business’s 50-day moving average price is $225.36 and its 200 day moving average price is $228.65. Target Co. has a 12 month low of $184.00 and a 12 month high of $268.98.

Target (NYSE:TGTGet Rating) last released its quarterly earnings results on Tuesday, March 1st. The retailer reported $3.19 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.33. The company had revenue of $31 billion for the quarter, compared to analysts’ expectations of $31.40 billion. Target had a return on equity of 47.35% and a net margin of 6.55%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.67 earnings per share. As a group, sell-side analysts expect that Target Co. will post 14.6 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Wednesday, May 18th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Tuesday, May 17th. Target’s dividend payout ratio (DPR) is currently 25.59%.

A number of equities research analysts have recently weighed in on TGT shares. Morgan Stanley dropped their target price on Target from $260.00 to $255.00 and set an “equal weight” rating for the company in a report on Tuesday, January 18th. Truist Financial dropped their target price on Target from $270.00 to $261.00 and set a “buy” rating for the company in a report on Wednesday, March 2nd. StockNews.com raised Target from a “buy” rating to a “strong-buy” rating in a report on Thursday. Royal Bank of Canada lifted their target price on Target from $278.00 to $294.00 and gave the stock an “outperform” rating in a report on Wednesday, March 2nd. Finally, Gordon Haskett raised Target from a “hold” rating to a “buy” rating and lifted their target price for the stock from $255.00 to $300.00 in a report on Friday, April 8th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $277.23.

In related news, CAO Robert M. Harrison sold 2,080 shares of Target stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $217.87, for a total value of $453,169.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Cara A. Sylvester sold 2,030 shares of Target stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $250.00, for a total value of $507,500.00. Following the completion of the transaction, the insider now directly owns 7,891 shares in the company, valued at $1,972,750. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,363 shares of company stock worth $21,970,253. Company insiders own 0.29% of the company’s stock.

About Target (Get Rating)

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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