Sei Investments Co. Sells 62,556 Shares of Target Co. (NYSE:TGT)

Sei Investments Co. reduced its holdings in shares of Target Co. (NYSE:TGT) by 26.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 176,036 shares of the retailer’s stock after selling 62,556 shares during the quarter. Sei Investments Co.’s holdings in Target were worth $23,802,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State Street Corp boosted its position in Target by 8.3% during the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock worth $5,530,576,000 after purchasing an additional 2,732,801 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Target during the 4th quarter worth about $297,122,000. Two Sigma Advisers LP boosted its holdings in shares of Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after buying an additional 1,502,200 shares during the period. FMR LLC grew its stake in Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after buying an additional 1,046,044 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC raised its holdings in Target by 773.1% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after acquiring an additional 737,384 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Target from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Jefferies Financial Group lowered their price objective on Target from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Guggenheim lifted their target price on Target from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Telsey Advisory Group decreased their price target on shares of Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Target has an average rating of “Hold” and an average price target of $145.55.

Target Price Performance

Target stock opened at $106.05 on Thursday. The stock has a 50-day moving average price of $124.09 and a two-hundred day moving average price of $137.08. Target Co. has a 12 month low of $101.76 and a 12 month high of $181.86. The company has a market capitalization of $48.32 billion, a PE ratio of 11.25, a P/E/G ratio of 1.94 and a beta of 1.18. 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 posted its earnings results on Tuesday, March 4th. The retailer reported $2.41 EPS for the quarter, topping the consensus estimate of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be issued a $1.12 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.22%. Target’s payout ratio is 50.56%.

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.