O Shaughnessy Asset Management LLC Has $6.14 Million Holdings in Target Co. (NYSE:TGT)

O Shaughnessy Asset Management LLC trimmed its holdings in shares of Target Co. (NYSE:TGT) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,399 shares of the retailer’s stock after selling 5,087 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Target were worth $6,137,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Target in the 4th quarter valued at approximately $757,892,000. State Street Corp lifted its stake in shares of Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after buying an additional 2,732,801 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Target during the 4th quarter worth $297,122,000. Two Sigma Advisers LP grew its stake in Target by 173.2% in the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock valued at $369,295,000 after buying an additional 1,502,200 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC raised its holdings in Target by 773.1% in the 3rd 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 currently owned by institutional investors.

Target Stock Up 0.0 %

TGT opened at $104.37 on Wednesday. Target Co. has a twelve month low of $100.50 and a twelve month high of $177.89. The firm has a market cap of $47.55 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.94 and a beta of 1.18. The firm’s 50-day simple moving average is $121.72 and its 200-day simple moving average is $135.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The company 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%. Equities research 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. Stockholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Wednesday, May 14th. Target’s payout ratio is presently 50.56%.

Wall Street Analyst Weigh In

TGT has been the topic of several research analyst reports. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Truist Financial lowered their target price on Target from $134.00 to $124.00 and set a “hold” rating on the stock 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. Bank of America lowered their price objective on shares of Target from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company cut their target price on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Target presently has an average rating of “Hold” and an average target price of $142.90.

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.