Target Co. (NYSE:TGT) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its position in shares of Target Co. (NYSE:TGT) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 304,393 shares of the retailer’s stock after selling 3,171 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Target were worth $41,148,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. Creative Planning lifted its position in Target by 10.3% during the 3rd quarter. Creative Planning now owns 218,600 shares of the retailer’s stock worth $32,247,000 after acquiring an additional 20,360 shares during the period. Vontobel Holding Ltd. lifted its position in Target by 12.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 34,210 shares of the retailer’s stock worth $5,332,000 after acquiring an additional 3,875 shares during the period. Wolff Wiese Magana LLC lifted its position in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the period. Cornerstone Wealth Management LLC lifted its holdings in shares of Target by 41.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 6,212 shares of the retailer’s stock valued at $968,000 after buying an additional 1,817 shares during the period. Finally, One Wealth Advisors LLC acquired a new position in shares of Target in the 3rd quarter valued at about $207,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler decreased their price objective on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. JPMorgan Chase & Co. decreased their price objective on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Gordon Haskett cut Target from a “buy” rating to a “hold” rating in a report on Thursday. BMO Capital Markets decreased their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a report on Thursday, November 21st. Finally, Oppenheimer reissued an “outperform” rating and issued a $165.00 price objective on shares of Target in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $157.70.

Target Price Performance

TGT stock opened at $127.86 on Friday. 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 business has a 50 day simple moving average of $135.20 and a 200-day simple moving average of $143.34. The firm has a market capitalization of $58.58 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.45). The business had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 earnings per share. Equities research analysts anticipate that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.50%. Target’s payout ratio is 47.51%.

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.