Regatta Capital Group LLC Sells 270 Shares of Target Co. (NYSE:TGT)

Regatta Capital Group LLC trimmed its holdings in Target Co. (NYSE:TGT) by 9.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,689 shares of the retailer’s stock after selling 270 shares during the quarter. Regatta Capital Group LLC’s holdings in Target were worth $363,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TGT. Thrivent Financial for Lutherans boosted its holdings in Target by 39.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 27,535 shares of the retailer’s stock valued at $4,076,000 after acquiring an additional 7,860 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Target by 75.7% in the second quarter. Public Sector Pension Investment Board now owns 17,872 shares of the retailer’s stock worth $2,646,000 after purchasing an additional 7,699 shares during the last quarter. AXA S.A. increased its stake in shares of Target by 5.1% in the second quarter. AXA S.A. now owns 107,751 shares of the retailer’s stock worth $15,951,000 after buying an additional 5,184 shares during the period. MBB Public Markets I LLC boosted its position in Target by 173.3% during the 2nd quarter. MBB Public Markets I LLC now owns 33,004 shares of the retailer’s stock valued at $4,886,000 after buying an additional 20,929 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Target by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 529,573 shares of the retailer’s stock valued at $78,398,000 after acquiring an additional 5,027 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TGT. Truist Financial boosted their price target on Target from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, January 17th. Hsbc Global Res downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Bank of America reduced their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Finally, Guggenheim raised their price objective on shares of Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $158.57.

Target Trading Up 0.5 %

Shares of TGT stock opened at $137.99 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market cap of $63.23 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 2.21 and a beta of 1.16. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86. The firm has a fifty day moving average price of $134.37 and a 200-day moving average price of $144.82.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 earnings per share (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 company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the prior year, the firm posted $2.10 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts predict that Target Co. will post 8.68 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders 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 dividend yield of 3.25%. Target’s payout ratio is 47.51%.

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.