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

Romano Brothers AND Company cut its holdings in shares of Target Co. (NYSE:TGT) by 1.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,235 shares of the retailer’s stock after selling 235 shares during the quarter. Romano Brothers AND Company’s holdings in Target were worth $3,763,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TGT. Norges Bank purchased a new position in Target in the fourth quarter worth approximately $759,810,000. International Assets Investment Management LLC grew its stake in shares of Target by 15,009.5% during the fourth quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock worth $250,244,000 after purchasing an additional 1,745,459 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in Target by 51,357.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,220,576 shares of the retailer’s stock valued at $173,834,000 after buying an additional 1,218,204 shares during the last quarter. Clearbridge Investments LLC raised its stake in Target by 58.0% in the fourth quarter. Clearbridge Investments LLC now owns 2,683,228 shares of the retailer’s stock valued at $382,145,000 after buying an additional 984,464 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Target by 9.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,163,864 shares of the retailer’s stock worth $1,447,538,000 after buying an additional 868,274 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TGT has been the topic of several research analyst reports. Truist Financial cut their target price on Target from $160.00 to $153.00 and set a “hold” rating on the stock in a research report on Thursday, May 23rd. Guggenheim boosted their price objective on shares of Target from $160.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. DA Davidson increased their target price on shares of Target from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Stifel Nicolaus boosted their price target on shares of Target from $153.00 to $177.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Finally, BNP Paribas assumed coverage on shares of Target in a research note on Monday, June 3rd. They issued an “underperform” rating and a $116.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.61.

Target Stock Performance

Shares of TGT stock traded up $1.32 during trading hours on Friday, reaching $148.04. 12,772,526 shares of the company’s stock were exchanged, compared to its average volume of 3,818,235. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.27. Target Co. has a 1 year low of $102.93 and a 1 year high of $181.86. The company has a market cap of $68.49 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. The company’s 50 day moving average is $152.97 and its two-hundred day moving average is $153.22.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 22nd. The retailer reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.02). Target had a return on equity of 31.91% and a net margin of 3.87%. The business had revenue of $24.14 billion during the quarter, compared to analysts’ expectations of $24.52 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. Equities research analysts anticipate that Target Co. will post 9.32 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a dividend of $1.12 per share. This is a positive change from Target’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a yield of 3.03%. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio is presently 49.38%.

Target 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.