Target Co. (NYSE:TGT) Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC decreased its stake in Target Co. (NYSE:TGT) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,930 shares of the retailer’s stock after selling 105 shares during the period. Simon Quick Advisors LLC’s holdings in Target were worth $261,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TGT. Cynosure Group LLC increased its position in Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock worth $248,000 after buying an additional 65 shares during the period. Financial Advocates Investment Management increased its holdings in shares of Target by 1.2% in the 3rd quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after acquiring an additional 67 shares during the period. Hancock Whitney Corp raised its position in Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock valued at $336,000 after purchasing an additional 68 shares during the last quarter. Trust Co. of Vermont boosted its stake in Target by 0.4% during the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after purchasing an additional 69 shares during the period. Finally, Eagle Bluffs Wealth Management LLC grew its position in Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock worth $1,063,000 after purchasing an additional 73 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Trading Up 0.5 %

TGT stock opened at $137.99 on Friday. The business has a fifty day moving average of $134.66 and a 200-day moving average of $144.89. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a market cap of $63.23 billion, a P/E ratio of 14.63, a PEG ratio of 2.21 and a beta of 1.16. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.45). The company had revenue of $25.23 billion for the quarter, compared to analyst estimates of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Target’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 earnings per share. As a group, equities research analysts expect that Target Co. will post 8.68 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio is currently 47.51%.

Analysts Set New Price Targets

Several analysts have commented on the company. Daiwa Capital Markets downgraded Target from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $170.00 to $130.00 in a research note on Tuesday, November 26th. Piper Sandler lowered their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Evercore ISI lowered their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Finally, StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $158.57.

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.