Target Co. (NYSE:TGT) Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. cut its holdings in shares of Target Co. (NYSE:TGT) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,036 shares of the retailer’s stock after selling 129 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Target were worth $444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Godsey & Gibb Inc. lifted its stake in Target by 148.6% in the first quarter. Godsey & Gibb Inc. now owns 174 shares of the retailer’s stock worth $31,000 after acquiring an additional 104 shares during the last quarter. Washington Trust Advisors Inc. grew its stake in shares of Target by 56.1% during the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Retirement Group LLC increased its holdings in Target by 85.0% in the first quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock valued at $35,000 after buying an additional 91 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in Target in the fourth quarter valued at $28,000. Finally, Private Wealth Management Group LLC purchased a new stake in Target during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT stock traded up $1.64 during trading hours on Tuesday, hitting $136.66. The company’s stock had a trading volume of 3,131,089 shares, compared to its average volume of 3,878,237. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97. The business has a fifty day moving average of $145.83 and a 200-day moving average of $154.44. Target Co. has a twelve month low of $102.93 and a twelve month high of $181.86. The stock has a market cap of $63.22 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.38 and a beta of 1.19.

Target (NYSE:TGT) last issued 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 net margin of 3.87% and a return on equity of 31.91%. The company had revenue of $24.14 billion during the quarter, compared to analysts’ expectations of $24.52 billion. During the same quarter in the prior year, the company earned $2.05 earnings per share. The firm’s revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Target Co. will post 9.31 EPS for the current year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be issued a $1.12 dividend. This is a boost from Target’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $4.48 annualized dividend and a yield of 3.28%. Target’s payout ratio is 50.28%.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of research analyst reports. BNP Paribas initiated coverage on shares of Target in a report on Monday, June 3rd. They set an “underperform” rating and a $116.00 price objective on the stock. Piper Sandler started coverage on shares of Target in a research note on Wednesday, July 10th. They set a “neutral” rating and a $156.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Target from $209.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Stifel Nicolaus dropped their price objective on Target from $170.00 to $147.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 target price on shares of Target in a report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $174.39.

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.