NORTHSTAR ASSET MANAGEMENT Co LLC Acquires 1,070 Shares of Target Co. (NYSE:TGT)

NORTHSTAR ASSET MANAGEMENT Co LLC raised its holdings in shares of Target Co. (NYSE:TGT) by 18.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,750 shares of the retailer’s stock after acquiring an additional 1,070 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Target were worth $999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Target by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 44,945,524 shares of the retailer’s stock valued at $6,401,142,000 after acquiring an additional 417,818 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Target by 9.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,163,864 shares of the retailer’s stock valued at $1,447,538,000 after acquiring an additional 868,274 shares during the period. Franklin Resources Inc. raised its holdings in Target by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 9,531,846 shares of the retailer’s stock valued at $1,357,525,000 after acquiring an additional 137,180 shares during the period. Norges Bank purchased a new position in shares of Target during the 4th quarter valued at $759,810,000. Finally, Clearbridge Investments LLC grew its position in shares of Target by 17.5% during the 1st quarter. Clearbridge Investments LLC now owns 3,153,875 shares of the retailer’s stock valued at $558,898,000 after purchasing an additional 470,647 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of Target from $170.00 to $155.00 and set a “market perform” rating for the company in a research report on Thursday, May 23rd. Roth Mkm restated a “neutral” rating and set a $153.00 price target on shares of Target in a research report on Thursday, May 23rd. Piper Sandler assumed coverage on shares of Target in a research report on Wednesday, July 10th. They set a “neutral” rating and a $156.00 price target for the company. JPMorgan Chase & Co. reduced their price target on shares of Target from $165.00 to $153.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $190.00 price target on shares of Target in a research report on Friday. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.57.

Target Trading Up 1.7 %

Shares of NYSE:TGT traded up $2.38 during midday trading on Friday, hitting $144.04. 3,473,906 shares of the stock traded hands, compared to its average volume of 3,887,753. The stock has a market capitalization of $66.64 billion, a PE ratio of 16.17, a P/E/G ratio of 1.38 and a beta of 1.19. The business’s 50 day moving average is $145.21 and its two-hundred day moving average is $154.30. The company has a quick ratio of 0.27, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. Target Co. has a one year low of $102.93 and a one year high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.02). The firm had revenue of $24.14 billion for the quarter, compared to the consensus estimate of $24.52 billion. Target had a net margin of 3.87% and a return on equity of 31.91%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the company posted $2.05 earnings per share. As a group, research analysts forecast that Target Co. will post 9.31 earnings per share for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.11%. This is an increase from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio is 50.28%.

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.