Target Co. (NYSE:TGT) Shares Sold by Standard Family Office LLC

Standard Family Office LLC lessened its position in Target Co. (NYSE:TGT) by 57.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189 shares of the retailer’s stock after selling 252 shares during the period. Standard Family Office LLC’s holdings in Target were worth $26,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TGT. Kathmere Capital Management LLC increased its holdings in shares of Target by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 2,541 shares of the retailer’s stock valued at $343,000 after purchasing an additional 73 shares during the period. Horrell Capital Management Inc. increased its stake in Target by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the retailer’s stock valued at $3,603,000 after buying an additional 76 shares during the period. Fiducient Advisors LLC raised its position in shares of Target by 4.6% during the 4th quarter. Fiducient Advisors LLC now owns 1,778 shares of the retailer’s stock worth $240,000 after buying an additional 78 shares in the last quarter. First PREMIER Bank lifted its stake in shares of Target by 21.9% in the 4th quarter. First PREMIER Bank now owns 445 shares of the retailer’s stock worth $61,000 after acquiring an additional 80 shares during the period. Finally, Winch Advisory Services LLC boosted its holdings in shares of Target by 34.5% in the fourth quarter. Winch Advisory Services LLC now owns 320 shares of the retailer’s stock valued at $43,000 after acquiring an additional 82 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Up 2.9 %

TGT stock opened at $93.13 on Monday. The firm has a market cap of $42.43 billion, a PE ratio of 9.88, a PEG ratio of 1.94 and a beta of 1.28. Target Co. has a 1 year low of $87.35 and a 1 year high of $169.09. The company has a fifty day simple moving average of $108.98 and a 200 day simple moving average of $129.59. 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 (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion during the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Sell-side analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders 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 dividend yield of 4.81%. The ex-dividend date is Wednesday, May 14th. Target’s dividend payout ratio is 50.56%.

Analysts Set New Price Targets

TGT has been the topic of several recent analyst reports. Piper Sandler dropped their target price on Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Oppenheimer decreased their target price on Target from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Robert W. Baird lowered Target from an “outperform” rating to a “neutral” rating and set a $110.00 target price on the stock. in a report on Monday, April 7th. The Goldman Sachs Group downgraded shares of Target from a “buy” rating to a “neutral” rating and cut their price target for the company from $142.00 to $101.00 in a report on Wednesday, April 16th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $122.00 price objective (down previously from $131.00) on shares of Target in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $132.37.

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.