Harbor Investment Advisory LLC Decreases Stake in Target Co. (NYSE:TGT)

Harbor Investment Advisory LLC lessened its stake in Target Co. (NYSE:TGT) by 49.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 429 shares of the retailer’s stock after selling 428 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Target were worth $58,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TGT. State Street Corp boosted its stake in shares of Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Target by 9,940.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,001,391 shares of the retailer’s stock valued at $311,937,000 after buying an additional 1,981,458 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after buying an additional 1,502,200 shares during the period. FMR LLC lifted its stake in Target by 11.7% during the third 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. Finally, AQR Capital Management LLC lifted its stake in Target by 711.2% during the second quarter. AQR Capital Management LLC now owns 876,531 shares of the retailer’s stock worth $129,762,000 after purchasing an additional 768,479 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 1.2 %

Shares of TGT stock opened at $135.74 on Thursday. The business’s fifty day moving average price is $135.37 and its 200 day moving average price is $145.01. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86. The firm has a market capitalization of $62.20 billion, a PE ratio of 14.39, a P/E/G ratio of 2.17 and a beta of 1.16. 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 earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). The firm had revenue of $25.23 billion for 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 firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 earnings per share. As a group, sell-side analysts forecast that Target Co. will post 8.68 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders 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 dividend on an annualized basis and a yield of 3.30%. Target’s payout ratio is 47.51%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TGT. Hsbc Global Res cut Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Stifel Nicolaus boosted their target price on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Wells Fargo & Company decreased their target price on Target from $180.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Piper Sandler decreased their target price on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 price target on the stock. in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $158.57.

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.