Elo Mutual Pension Insurance Co Cuts Stock Holdings in Target Co. (NYSE:TGT)

Elo Mutual Pension Insurance Co reduced its stake in Target Co. (NYSE:TGT) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,040 shares of the retailer’s stock after selling 1,929 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Target were worth $5,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new stake in shares of Target during the 3rd quarter worth $28,000. Hopwood Financial Services Inc. bought a new position in Target in the fourth quarter valued at $29,000. MCF Advisors LLC raised its position in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of Target in the 3rd quarter worth about $36,000. 79.73% of the stock is currently owned by institutional investors.

Target Stock Up 0.4 %

TGT stock opened at $106.49 on Friday. The company has a market capitalization of $48.51 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. The business’s 50 day moving average price is $123.56 and its two-hundred day moving average price is $136.87. Target Co. has a fifty-two week low of $101.76 and a fifty-two week high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. As a group, analysts forecast that Target Co. will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.21%. Target’s dividend payout ratio (DPR) is currently 50.56%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Bank of America dropped their target price on Target from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. The Goldman Sachs Group lowered their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. DA Davidson reduced their target price on shares of Target from $153.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Gordon Haskett downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Truist Financial reduced their price objective on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus target price of $143.40.

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.