Target Co. (NYSE:TGT) Shares Sold by Canopy Partners LLC

Canopy Partners LLC decreased its stake in Target Co. (NYSE:TGT) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,186 shares of the retailer’s stock after selling 225 shares during the period. Canopy Partners LLC’s holdings in Target were worth $836,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rathbones Group PLC grew its holdings in Target by 8.2% in the fourth quarter. Rathbones Group PLC now owns 3,615 shares of the retailer’s stock valued at $489,000 after purchasing an additional 275 shares during the last quarter. Invesco Ltd. boosted its position in shares of Target by 16.5% in the 4th quarter. Invesco Ltd. now owns 2,737,638 shares of the retailer’s stock worth $370,074,000 after buying an additional 387,143 shares in the last quarter. Polymer Capital Management US LLC acquired a new stake in shares of Target in the fourth quarter valued at approximately $208,000. Sierra Summit Advisors LLC increased its stake in shares of Target by 29.0% during the 4th quarter. Sierra Summit Advisors LLC now owns 14,354 shares of the retailer’s stock worth $1,940,000 after purchasing an additional 3,231 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE raised its position in shares of Target by 66.7% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 375 shares of the retailer’s stock worth $51,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TGT. Roth Mkm reiterated a “neutral” rating and set a $122.00 target price (down previously from $131.00) on shares of Target in a report on Wednesday, March 5th. Citigroup dropped their price objective on Target from $133.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Oppenheimer cut their target price on shares of Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Truist Financial decreased their price target 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. Finally, Jefferies Financial Group cut their price objective on shares of Target from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $140.24.

Target Stock Up 1.5 %

Shares of Target stock opened at $95.70 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. Target Co. has a 1-year low of $90.62 and a 1-year high of $173.05. The business has a 50-day moving average of $119.41 and a 200-day moving average of $134.60. The company has a market capitalization of $43.60 billion, a PE ratio of 10.15, a P/E/G ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT) last released its quarterly 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. The business had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. As a group, equities analysts forecast that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio (DPR) is 50.56%.

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.