Target Co. (NYSE:TGT) Shares Sold by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC trimmed its holdings in Target Co. (NYSE:TGT) by 29.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,771 shares of the retailer’s stock after selling 734 shares during the period. Paragon Private Wealth Management LLC’s holdings in Target were worth $239,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. FMR LLC boosted its stake in shares of Target by 11.7% during the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after purchasing an additional 1,046,044 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Target by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after purchasing an additional 130,691 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Target by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock worth $518,089,000 after purchasing an additional 234,409 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Target by 1.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after purchasing an additional 62,916 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Down 1.2 %

Shares of NYSE:TGT opened at $113.74 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a 52-week low of $111.84 and a 52-week high of $181.86. The company has a 50 day moving average of $131.63 and a two-hundred day moving average of $141.07. The company has a market capitalization of $52.12 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion during the quarter, compared to the consensus estimate of $30.83 billion. As a group, analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th were given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s payout ratio is currently 50.56%.

Analyst Ratings Changes

Several research firms have issued reports on TGT. JPMorgan Chase & Co. decreased their price target on shares of Target from $146.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Truist Financial decreased their price target on shares of Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group cut their price objective on shares of Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Evercore ISI cut their price objective on shares of Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a report on Wednesday, March 5th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Target presently has an average rating of “Hold” and a consensus price target of $145.87.

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.