Target Co. (NYSE:TGT) Position Cut by Sentry LLC

Sentry LLC lowered its holdings in shares of Target Co. (NYSE:TGT) by 5.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,720 shares of the retailer’s stock after selling 150 shares during the period. Sentry LLC’s holdings in Target were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC raised its position in shares of Target by 54.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 14,052 shares of the retailer’s stock worth $2,080,000 after buying an additional 4,944 shares in the last quarter. Advisory Alpha LLC increased its stake in shares of Target by 7.2% during the second quarter. Advisory Alpha LLC now owns 1,435 shares of the retailer’s stock valued at $213,000 after acquiring an additional 96 shares during the period. Farmers National Bank raised its holdings in Target by 4.0% during the second quarter. Farmers National Bank now owns 21,865 shares of the retailer’s stock worth $3,237,000 after purchasing an additional 845 shares in the last quarter. Brown Financial Advisors acquired a new stake in Target in the second quarter worth approximately $1,486,000. Finally, Creekside Partners bought a new position in Target during the 2nd quarter valued at $343,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of research reports. Truist Financial boosted their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. Guggenheim lifted their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $170.00 to $130.00 in a research note on Tuesday, November 26th. Finally, Daiwa America downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $157.70.

Target Stock Down 0.6 %

TGT opened at $140.28 on Thursday. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The firm’s fifty day moving average price is $133.80 and its two-hundred day moving average price is $144.64. The company has a market capitalization of $64.28 billion, a P/E ratio of 14.88, a P/E/G ratio of 2.21 and a beta of 1.16.

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

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.19%. Target’s payout ratio is presently 47.51%.

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.