DT Investment Partners LLC Sells 358 Shares of Target Co. (NYSE:TGT)

DT Investment Partners LLC lessened its holdings in Target Co. (NYSE:TGT) by 39.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553 shares of the retailer’s stock after selling 358 shares during the quarter. DT Investment Partners LLC’s holdings in Target were worth $75,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in shares of Target during the 3rd quarter worth $28,000. Wolff Wiese Magana LLC grew its stake in shares of 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. MCF Advisors LLC grew its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares during the period. Raleigh Capital Management Inc. grew its stake in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after acquiring an additional 135 shares during the period. Finally, FSA Wealth Management LLC bought a new position in shares of Target during the 3rd quarter worth $36,000. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of Target stock opened at $128.72 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $58.98 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. The business’s 50-day moving average price is $135.20 and its 200-day moving average price is $143.44. Target Co. has a 12 month low of $120.21 and a 12 month high of $181.86.

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

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.48%. Target’s payout ratio is 47.51%.

Analyst Ratings Changes

TGT has been the subject of several research reports. TD Cowen cut their price target on Target from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Bank of America dropped their price objective on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Telsey Advisory Group reissued an “outperform” rating and set a $150.00 price objective on shares of Target in a report on Friday, January 17th. Evercore ISI dropped their price objective on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Finally, Truist Financial increased their price objective on Target from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $157.70.

About Target

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.