Carnegie Capital Asset Management LLC Has $399,000 Stock Holdings in Target Co. (NYSE:TGT)

Carnegie Capital Asset Management LLC cut its holdings in Target Co. (NYSE:TGT) by 4.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,805 shares of the retailer’s stock after selling 126 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Target were worth $399,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Tower View Wealth Management LLC raised its position in shares of Target by 82.8% in the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after purchasing an additional 106 shares during the period. First Capital Advisors Group LLC. bought a new position in Target during the second quarter worth $31,000. Penserra Capital Management LLC bought a new position in Target during the fourth quarter worth $35,000. Friedenthal Financial bought a new position in Target during the fourth quarter worth $45,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Target during the fourth quarter worth $49,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.7 %

Shares of NYSE TGT opened at $164.47 on Thursday. The firm’s 50-day simple moving average is $162.87 and its 200 day simple moving average is $140.34. The company has a market cap of $75.93 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.14. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. Target Co. has a 12-month low of $102.93 and a 12-month high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.57. The business had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. On average, research analysts expect that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $4.40 annualized dividend and a yield of 2.68%. Target’s dividend payout ratio is currently 49.27%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Target from $142.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. BMO Capital Markets boosted their target price on shares of Target from $145.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 6th. UBS Group reissued a “buy” rating and issued a $174.00 price target on shares of Target in a report on Tuesday, March 5th. Barclays boosted their price target on shares of Target from $142.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Finally, Tigress Financial boosted their price target on shares of Target from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.85.

Insiders Place Their Bets

In other Target news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the completion of the sale, the insider now directly owns 30,527 shares of the company’s stock, valued at approximately $5,038,481.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the sale, the insider now directly owns 38,487 shares of the company’s stock, valued at approximately $6,576,658.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Melissa K. Kremer sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now directly owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The disclosure for this sale can be found here. In the last three months, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is currently owned by insiders.

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.