Target Co. (NYSE:TGT) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lessened its stake in Target Co. (NYSE:TGT) by 32.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,410 shares of the retailer’s stock after selling 3,038 shares during the period. Frank Rimerman Advisors LLC’s holdings in Target were worth $867,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in Target in the 3rd quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new position in Target in the 4th quarter valued at about $29,000. FSA Wealth Management LLC bought a new position in Target in the 3rd quarter valued at about $36,000. MCF Advisors LLC grew its position in Target by 175.3% in the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after buying an additional 163 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its position in Target by 110.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after buying an additional 135 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT opened at $104.71 on Friday. The firm has a market cap of $47.70 billion, a PE ratio of 11.10, a PEG ratio of 1.94 and a beta of 1.18. The firm’s 50 day moving average price is $129.35 and its 200 day moving average price is $139.75. 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 Co. has a twelve month low of $103.46 and a twelve month high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion for 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%. As a group, research analysts expect that Target Co. will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be issued a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 annualized dividend and a yield of 4.28%. Target’s dividend payout ratio (DPR) is presently 50.56%.

Analysts Set New Price Targets

TGT has been the subject of several research reports. Evercore ISI reduced their price objective on shares of Target from $135.00 to $130.00 and set an “in-line” rating for the company in a research report on Wednesday, March 5th. TD Cowen reduced their price objective on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. BMO Capital Markets reduced their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research report on Thursday, November 21st. Wells Fargo & Company reduced their price objective on shares of Target from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Finally, Truist Financial reduced their price objective on shares of Target from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $145.87.

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.