Target Co. (NYSE:TGT) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company lessened its holdings in shares of Target Co. (NYSE:TGT) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,920 shares of the retailer’s stock after selling 1,260 shares during the quarter. Romano Brothers AND Company’s holdings in Target were worth $2,422,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new position in shares of Target in the third quarter worth about $28,000. Wolff Wiese Magana LLC grew its position in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after acquiring an additional 133 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of Target during the third quarter valued at approximately $36,000. Catalyst Capital Advisors LLC acquired a new position in Target during the 3rd quarter worth $38,000. Finally, Reston Wealth Management LLC bought a new position in Target in the 3rd quarter valued at about $41,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Melius Research began coverage on Target in a research note on Monday, September 23rd. They issued a “buy” rating and a $180.00 price objective on the stock. Daiwa America cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. HSBC downgraded shares of Target from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a research report on Wednesday, November 20th. Evercore ISI decreased their target price on shares of Target from $165.00 to $130.00 and set an “in-line” rating for the company in a research report on Thursday, November 21st. Finally, Piper Sandler lowered their price objective on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Target has a consensus rating of “Hold” and an average target price of $158.23.

Target Trading Up 0.3 %

Shares of TGT opened at $133.62 on Friday. The business’s 50-day moving average price is $136.13 and its 200-day moving average price is $145.14. The company has a quick ratio of 0.25, a current ratio of 0.94 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. The stock has a market cap of $61.22 billion, a PE ratio of 14.17, a P/E/G ratio of 2.32 and a beta of 1.16.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 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 for the quarter, compared to analysts’ expectations of $25.87 billion. During the same period last year, the business posted $2.10 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that Target Co. will post 8.6 EPS for the current fiscal year.

Target Announces Dividend

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 paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Wednesday, February 12th. Target’s payout ratio is currently 47.51%.

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.