Securian Asset Management Inc. Sells 829 Shares of Target Co. (NYSE:TGT)

Securian Asset Management Inc. decreased its stake in Target Co. (NYSE:TGT) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,758 shares of the retailer’s stock after selling 829 shares during the period. Securian Asset Management Inc.’s holdings in Target were worth $3,347,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its holdings in shares of Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after purchasing an additional 490 shares during the period. River Road Asset Management LLC increased its position in Target by 144.9% in the fourth quarter. River Road Asset Management LLC now owns 234,492 shares of the retailer’s stock worth $31,699,000 after buying an additional 138,751 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Target by 25.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock valued at $2,430,000 after buying an additional 3,590 shares during the period. Northeast Financial Group Inc. purchased a new position in shares of Target during the 4th quarter valued at $1,566,000. Finally, D.A. Davidson & CO. grew its stake in shares of Target by 8.6% during the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after acquiring an additional 9,510 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 4.8 %

Shares of TGT stock opened at $107.31 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a market cap of $49.17 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The business has a 50-day moving average price of $130.62 and a two-hundred day moving average price of $140.51. Target Co. has a 12-month low of $107.02 and a 12-month high of $181.86.

Target (NYSE:TGT) last issued its 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 during 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%. Equities analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors 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 yield of 4.17%. Target’s payout ratio is presently 50.56%.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of research reports. Guggenheim boosted their price objective on Target from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein reissued a “market perform” rating on shares of Target in a research report on Wednesday, March 5th. Truist Financial cut their price objective on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Oppenheimer lowered their target price on shares of Target from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Finally, Roth Capital set a $122.00 price target on Target in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.87.

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.