Sepio Capital LP Sells 4,183 Shares of Target Co. (NYSE:TGT)

Sepio Capital LP lessened its stake in Target Co. (NYSE:TGT) by 53.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,691 shares of the retailer’s stock after selling 4,183 shares during the quarter. Sepio Capital LP’s holdings in Target were worth $499,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of Target in the third quarter valued at $28,000. Hopwood Financial Services Inc. bought a new stake in Target in the 4th quarter valued at about $29,000. MCF Advisors LLC lifted its holdings in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Raleigh Capital Management Inc. boosted its position in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the period. Finally, OFI Invest Asset Management purchased a new position in shares of Target in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on TGT shares. KGI Securities set a $132.00 price objective on shares of Target in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price target on Target from $146.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd. UBS Group cut their target price on Target from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, Piper Sandler decreased their price target on Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $140.24.

Target Stock Up 1.5 %

Shares of NYSE:TGT opened at $95.70 on Monday. The stock has a market capitalization of $43.60 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The stock’s 50-day moving average price is $119.41 and its 200-day moving average price is $134.60. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a 12-month low of $90.62 and a 12-month high of $173.05.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.17. The business had revenue of $30.92 billion for the quarter, compared to analyst estimates of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. On average, equities analysts anticipate that Target Co. will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is 50.56%.

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.