Target Co. (NYSE:TGT) Shares Sold by Tradewinds LLC.

Tradewinds LLC. reduced its stake in shares of Target Co. (NYSE:TGT) by 12.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,949 shares of the retailer’s stock after selling 438 shares during the period. Tradewinds LLC.’s holdings in Target were worth $385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board boosted its holdings in Target by 12.9% during the third quarter. Public Sector Pension Investment Board now owns 20,172 shares of the retailer’s stock worth $3,144,000 after buying an additional 2,300 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of Target by 550.8% in the third quarter. Benjamin Edwards Inc. now owns 22,818 shares of the retailer’s stock worth $3,557,000 after acquiring an additional 19,312 shares during the period. Hilltop Holdings Inc. boosted its stake in shares of Target by 334.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 38,132 shares of the retailer’s stock worth $5,943,000 after acquiring an additional 29,360 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Target by 63.4% during the 3rd quarter. Janus Henderson Group PLC now owns 371,816 shares of the retailer’s stock valued at $57,952,000 after acquiring an additional 144,323 shares during the period. Finally, Investment Management Corp of Ontario increased its stake in shares of Target by 4.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 17,097 shares of the retailer’s stock valued at $2,665,000 after purchasing an additional 752 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TGT has been the topic of several research analyst reports. Truist Financial dropped their price objective on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Wells Fargo & Company decreased their price objective on shares of Target from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Roth Mkm reissued a “neutral” rating and set a $122.00 target price (down previously from $131.00) on shares of Target in a research note on Wednesday, March 5th. Finally, KGI Securities set a $132.00 price target on shares of Target in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $142.90.

Target Trading Up 0.0 %

Shares of TGT stock opened at $104.37 on Wednesday. Target Co. has a 1-year low of $100.50 and a 1-year high of $177.89. The firm has a market cap of $47.55 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a 50-day moving average of $121.72 and a two-hundred day moving average of $135.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25.

Target (NYSE:TGT) last posted its quarterly earnings data 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. The firm had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, analysts predict that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 4.29%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

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.