Target Co. (NYSE:TGT) Shares Sold by Seven Mile Advisory

Seven Mile Advisory decreased its position in shares of Target Co. (NYSE:TGT) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,703 shares of the retailer’s stock after selling 119 shares during the period. Seven Mile Advisory’s holdings in Target were worth $230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Target by 8.3% during the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Target by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock worth $1,461,456,000 after buying an additional 130,691 shares in the last quarter. Norges Bank bought a new stake in shares of Target in the fourth quarter worth $757,892,000. Bank of New York Mellon Corp raised its holdings in Target by 6.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock valued at $518,089,000 after acquiring an additional 234,409 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Target by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,144,828 shares of the retailer’s stock valued at $425,118,000 after acquiring an additional 91,357 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Down 2.7 %

TGT stock opened at $103.63 on Monday. 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 firm has a market cap of $47.21 billion, a PE ratio of 10.99, a P/E/G ratio of 1.94 and a beta of 1.18. Target Co. has a 12 month low of $101.76 and a 12 month high of $181.86. The firm has a 50 day simple moving average of $122.96 and a 200 day simple moving average of $136.39.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Equities research analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Wednesday, May 14th. Target’s dividend payout ratio is 50.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TGT shares. Truist Financial cut their target price on shares of Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Target in a report on Wednesday, March 5th. DA Davidson lowered their price target on Target from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Telsey Advisory Group decreased their price objective on shares of Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Finally, Roth Capital set a $122.00 target price on shares of Target in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $143.40.

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.