Millstone Evans Group LLC Acquires Shares of 3,583 Target Co. (NYSE:TGT)

Millstone Evans Group LLC acquired a new stake in shares of Target Co. (NYSE:TGT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,583 shares of the retailer’s stock, valued at approximately $484,000.

Several other institutional investors and hedge funds have also bought and sold shares of TGT. State Street Corp grew its holdings in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. Raymond James Financial Inc. bought a new position in Target during the fourth quarter valued at $297,122,000. Two Sigma Advisers LP grew its holdings in Target by 173.2% during the third quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after purchasing an additional 1,502,200 shares during the period. FMR LLC boosted its holdings in shares of Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock worth $1,555,542,000 after acquiring an additional 1,046,044 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of Target by 773.1% in the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock worth $129,795,000 after acquiring an additional 737,384 shares during the period. 79.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. DA Davidson cut their price target on Target from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Truist Financial cut their price target on Target from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Roth Capital set a $122.00 price target on Target in a report on Wednesday, March 5th. Telsey Advisory Group cut their price target on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Finally, KGI Securities set a $132.00 price target on Target in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $145.55.

Target Stock Up 0.1 %

TGT opened at $104.29 on Friday. The company has a market cap of $47.51 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.94 and a beta of 1.18. The business’s 50-day moving average price is $125.89 and its 200-day moving average price is $138.13. 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 $101.76 and a 12 month high of $181.86.

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

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 annualized dividend and a dividend yield of 4.30%. Target’s dividend payout ratio is currently 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.