Target Co. (NYSE:TGT) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in shares of Target Co. (NYSE:TGT) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,739 shares of the retailer’s stock after selling 704 shares during the period. Retirement Systems of Alabama’s holdings in Target were worth $13,483,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. 1858 Wealth Management LLC increased its holdings in Target by 46.4% in the fourth quarter. 1858 Wealth Management LLC now owns 3,234 shares of the retailer’s stock valued at $437,000 after buying an additional 1,025 shares during the last quarter. Avitas Wealth Management LLC grew its position in shares of Target by 0.5% in the 4th quarter. Avitas Wealth Management LLC now owns 29,707 shares of the retailer’s stock worth $4,016,000 after acquiring an additional 156 shares in the last quarter. E. Ohman J or Asset Management AB increased its holdings in shares of Target by 13.8% in the 4th quarter. E. Ohman J or Asset Management AB now owns 20,660 shares of the retailer’s stock valued at $2,793,000 after acquiring an additional 2,500 shares during the last quarter. Mather Group LLC. raised its position in shares of Target by 5.2% during the 4th quarter. Mather Group LLC. now owns 97,178 shares of the retailer’s stock valued at $13,137,000 after acquiring an additional 4,842 shares in the last quarter. Finally, Welch Group LLC lifted its stake in Target by 1.7% during the fourth quarter. Welch Group LLC now owns 42,199 shares of the retailer’s stock worth $5,699,000 after purchasing an additional 710 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $131.29 on Friday. The company has a 50-day moving average of $135.24 and a 200-day moving average of $143.98. The firm has a market cap of $60.16 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15. 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 twelve month low of $120.21 and a twelve month high of $181.86.

Target (NYSE:TGT) last posted 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 return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter last year, the firm posted $2.10 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be given a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.41%. Target’s dividend payout ratio (DPR) is 47.51%.

Analyst Ratings Changes

TGT has been the subject of several recent research reports. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research note on Wednesday, November 20th. StockNews.com upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 target price on shares of Target in a report on Friday, January 17th. Sanford C. Bernstein increased their price target on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. Finally, Piper Sandler reduced their price objective on Target from $156.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $157.70.

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.